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Robert Half fourth-quarter profit rises 4.6%

January 30 2008

Fourth-quarter net income at Robert Half International Inc. (NYSE: RHI) rose 4.6% year-over-year while fourth-quarter revenue increased 15.1%.

Robert Half reported fourth-quarter net income of $78.8 million compared with $75.4 million in the same period of 2006.

Revenue rose to $1.22 billion in the quarter ended Dec. 31, up from $1.06 billion in the same period in the previous year. Gross margin improved to 42.9% from 42.5%

"The fourth quarter of 2007 saw a continuation of the double-digit, year-over-year revenue growth we have seen for 16 consecutive quarters," said Chairman and CEO Harold Messmer. "International operations reported particularly strong fourth-quarter figures."

Fourth-quarter revenue by division included:
*Accountemps: $453.1 million, +16.4%
*OfficeTeam: $222.2 million, +10.3%
*Robert Half Technology: $110.8 million, +17.4%
*Robert Half Management Resources: $165.3 million, +21.3%
*Robert Half Finance & Accounting: $117.6 million, +35.5%
*Protiviti: $151.1 million, -0.7%

Full-year net income rose 4.6% in 2007 to $296.2 million from $283.2 million in the previous year.

Revenue rose 15.7% to $4.65 billion in 2007 from $4.01 billion in 2006. Gross margin improved to 42.6% from 42.2%.

Robert Half International Inc. (NYSE: RHI)
For the fourth quarter ended Dec. 31, 2007, compared with the same period in 2006.
Revenue: $1.22 billion, +15.1%
Net income: $78.8 million, +4.6%

For the 2007 fiscal year ended Dec. 31, compared with the previous year.
Revenue: $4.65 billion, +15.7%
Net income: $296.2 million, +4.6%

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