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View All NewsRevenue rises 4% at largest PEO
Insperity Inc. (NYSE: NSP), the largest PEO in the US, reported revenue rose 3.8 percent in the third quarter to $560.3 million. The Houston-based company attributed the increase to a 1.8 percent increase in the average number of worksite employees paid per month and a 2.0 percent increase in revenues per worksite employee per month.
Quote
“We are pleased with our recent financial results and the growth acceleration that has unfolded over the past two quarters,” said Chairman and CEO Paul Sarvadi. “A continuation of these trends, combined with a successful year-end transition, would result in double-digit unit growth in 2015.”
Revenue
Q3 2014 ($000s) | Q3 2013 ($000s) | % growth | |
Revenue | $560,303 | $539,869 | 3.8% |
Gross margin
Q3 2014 | Q3 2013 | |
Gross margin | 18.0% | 18.0% |
Net income
Q3 2014 ($000s) | Q3 2013 ($000s) | % growth | |
Net income | $8,385 | $10,082 | -16.8% |
Share price and market cap
Insperity shares rose 0.29 percent in early afternoon trading to $31.65. The company had a market cap of $806.70 million.