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Robert Half revenue up 5% with boost from tech, perm

January 31 2014

Professional staffing firm Robert Half International (NYSE: RHI) reported revenue rose 4.8 percent in the fourth quarter to $1.08 billion. Chairman and CEO Harold Messmer cited growth in the firm’s technology staffing, permanent placement and its Protiviti operations.

Robert Half Technology revenue rose 14.1 percent in the fourth quarter to $137.2 million. At Protiviti, which provides consulting and internal audit services, revenue rose 18.0 percent to $141.6 million.

Fourth-quarter revenue rose 3.0 in the firm’s OfficeTeam segment to $214.7 million. However, revenue fell 0.4 percent to $377.7 million in Robert Half’s largest division by revenue — Accountemps.

Robert Half temporary and consultant staffing revenue rose 2.7 percent in the fourth quarter. The growth came in the U.S. where temporary and consulting staffing revenue rose 5.0 percent; it fell 4.2 percent at international operations.

Permanent placement revenue rose 5.0 percent in the U.S. but was flat at international operations.

Fourth-quarter gross margin at the Menlo Park, Calif.-based firm improved to 40.9 percent from 40.3 percent in the year-ago quarter.

Net income rose 14.1 percent in the fourth quarter to $66.9 million.

Shares in Robert Half fell 0.85 percent in early afternoon trading today. The company had a market cap of $5.66 billion.

Full-year 2013 revenue rose 3.3 percent to $4.25 billion. Net income rose 20.1 percent to $252.2 million.

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