Daily News

View All News

Robert Half first-quarter revenue up 6%

April 24, 2014

Professional staffing firm Robert Half International (NYSE: RHI) reported revenue rose 5.9 percent in the first quarter to $1.08 billion. Chairman and CEO Harold Messmer cited strong demand in all areas of the business, especially in the latter part of the quarter.

“Growth was strongest in our Protiviti, technology staffing and permanent placement divisions,” said Messmer. “Non-U.S. operations also improved, particularly permanent placement services, which reported solid sequential and year-over-year revenue gains during the quarter.”

Robert Half Technology revenue rose 9.3 percent in the first quarter to $132.3 million. At Protiviti, which provides consulting and internal audit services, revenue rose 14.8 percent to $134.1 million.

First-quarter revenue rose 4.7 percent in the firm’s OfficeTeam segment to $211.1 million and 1.7 percent to $383.0 million in Accountemps, Robert Half’s largest division by revenue.

First-quarter temporary and consultant staffing revenue rose 5.9 percent in the U.S. but fell 1.2 percent internationally. Permanent placement revenue rose 12.6 percent in the U.S. and rose 8.6 percent in international operations.

First-quarter gross margin at Robert Half edged up to 40.4 percent from 40.1 percent in the same quarter in the previous year.

Net income at the Menlo Park, Calif.-based firm rose 10.2 percent year over year in the quarter to $61.6 million.

Shares in Robert Half rose 2.33 percent in early afternoon trading to $44.45. Robert Half has a market cap of approximately $6.01 billion, according to Yahoo!