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Robert Half Revenue Rises 15.5%

January 27 2011

Robert Half International Inc. (NYSE: RHI) revenue rose 15.5 percent in its fourth quarter ended Dec. 31, 2010, to $851.6 million.

"During the fourth quarter, demand for our professional staffing and consulting services continued to improve across the board," said Harold Messmer, Jr., chairman and CEO of Robert Half International. "Each of our lines of business reported sequential and year-over-year revenue growth in the quarter."

By division, fourth-quarter revenue rose on a year-over-year basis by:

  • 10.9 percent at Accountemps to $319.1 million
  • 23.1 percent at OfficeTeam to $174.3 million
  • 20.7 percent at Robert Half Technology to $92.1 million
  • 13.8 percent at Robert Half Management Resources to $103.1 million
  • 30.5 percent at Robert Half Finance & Accounting to $59.3 million
  • 8.3 percent at Protiviti to $103.7 million

Fourth-quarter gross margin improved to 38.4 percent from 37.8 percent in the year-ago quarter.

Net income jumped 83.2 percent to $24.8 million on a year-over-year basis.

Full-year revenue rose 4.6 percent to $3.18 billion from $3.04 billion in 2009. Gross margin improved to 37.6 percent from 36.3 percent.

Full-year net income rose 77.3 percent to $66.1 million.

Robert Half estimates first quarter revenue of $850.0 million to $900.0 million, a year-over-year revenue increase of between 15.3 percent and 22.1 percent.

Robert Half International Inc. (NYSE: RHI)
For the fourth quarter ended Dec. 31, 2010, compared with the same period in 2009.
Revenue: $851.6 million, +15.5 percent
Net income: $24.8 million, +83.2 percent

For full-year 2010, ended Dec. 31, 2010, compared with the previous year.
Revenue: $3.18 billion, +4.6 percent
Net income: $66.1 million, +77.3 percent

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