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View All NewsInsperity revenue up 11% in Q2
Insperity Inc. (NYSE: NSP), the largest PEO in the US, reported revenue rose 11.2% in the second quarter to $627.8 million.
The average number of worksite employees paid per month in the quarter rose 11.6% year over year, an acceleration from 9.2% growth in the first quarter of 2015. All three drivers to worksite employee growth — sales, client retention and net hiring in its client base — improved over the second quarter of 2014, according to the company.
(US$ thousands) | Q2 2015 | Q2 2014 | % growth |
Revenue | $627,838 | $564,621 | 11.2% |
Gross profit | $104,219 | $95,453 | 9.2% |
Gross margin | 16.6% | 16.9% | |
Net income | $7,314 | $1,891 | 286.8% |
Quote
“Our second quarter results reflect successful execution of our 2015 plan to accelerate growth while carefully managing operating costs,” said Chairman and CEO Paul J. Sarvadi. “We expect to continue positive trends in growth and profitability over the balance of this year.”
Share price and market cap
Insperity shares fell 5.91% % in early afternoon trading to $47.31; the company had a market cap of $1.21 billion, according to Yahoo!