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View All NewsKforce revenue rises 11%
Kforce Inc. (NASD: KFRC) reported second-quarter revenue rose 11.4% year over year to $337.4 million. Gross margin also edged up.
Kforce ranks No. 13 on Staffing Industry Analysts’ 2015 list of largest US staffing firms.
| (US$ thousands) | Q2 2015 | Q2 2014 | % growth |
| Revenue | $337,353 | $302,758 | 11.4% |
| Gross profit | $106,038 | $94,386 | 12.3% |
| Gross margin percentage | 31.4% | 31.2% | |
| Net income | $11,593 | $10,703 | 8.3% |
Quote
“Against the backdrop of a non-traditional economic recovery, secular drivers continue to be key factors in flexible staffing growth as a disproportionate share of job growth continues to come from the temporary staffing sector, with temporary penetration rates remaining above prior peak cycle levels,” said Chairman and CEO David Dunkel.
Revenue by function and segment
| (US$ thousands) | Q2 2015 | Q2 2014 | % growth |
| Total flex revenue | $322,910 | $290,168 | 11.3% |
| Total direct-hire revenue | $14,443 | $12,590 | 14.7% |
| Technology | |||
| Technology flex revenue | $225,873 | $206,165 | 9.6% |
| Technology direct-hire revenue | $6,291 | $5,036 | 24.9% |
| Total technology revenue | $232,164 | $211,201 | 9.9% |
| Finance & Accounting | |||
| Finance & Accounting flex revenue | $72,773 | $60,057 | 21.2% |
| Finance & Accounting direct-hire revenue | $8,152 | $7,554 | 7.9% |
| Total Finance & Accounting revenue | $80,925 | $67,611 | 19.7% |
| Government Solutions | $24,264 | $23,946 | 1.3% |
Gross margin by segment
| Q2 2015 | Q2 2014 | |
| Technology flex | 27.6% | 27.4% |
| Finance & Accounting flex | 29.8% | 29.9% |
| Government solutions flex | 31.2% | 30.6% |
Guidance
Kforce expects third-quarter revenue from continuing operations in the $344 million to $349 million range.
Share price and market cap
Shares in Kforce rose 11.78% to $25.91 in early afternoon trading today and Kforce has a market cap of approximately $766.73 million, according to Yahoo!