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View All NewsInsperity revenue up 12% in Q3
Insperity Inc. (NYSE: NSP), the largest PEO in the US, reported revenue rose 11.8% in the third quarter to $626.3 million.
The average number of worksite employees paid per month in the quarter rose 13.3% year over year, an acceleration from 11.6% growth in the second quarter and 9.2% growth in the first quarter of 2015.
| (US$ thousands) | Q3 2015 | Q3 2014 | % growth |
| Revenue | $626,286 | $560,303 | 11.8% |
| Gross profit | $106,743 | $100,817 | 5.9% |
| Gross margin | 17.0% | 18.0% | |
| Net income | $11,950 | $8,385 | 42.5% |
Quote
“We are pleased with our third quarter and year-to-date results, which demonstrate solid execution of our plan to accelerate unit growth while controlling operating costs,” said Chairman and CEO Paul Sarvadi. “We have significant momentum to continue strong sales and retention through year end, which would set the stage for another year of double-digit worksite employee growth and operating leverage in 2016.”
Share price and market cap
Insperity shares fell 3.64% in early afternoon trading to $44.77 and the company had a market cap of approximately $1.11 billion, according to Yahoo!