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SThree revenue rises 20.8%

February 04 2009

SThree PLC, a London-based staffing firm, said revenue rose 20.8% to GBP631.5 million (US$971.1 million) in its fiscal year ended Nov. 30.

The company said permanent placements rose by 7.0% to 10,236, and the number of active contractors rose by 1.5% to 5,745. In addition, the company opened five new offices in 2008.

Revenue from clients in the United Kingdom rose 4.7% to GBP386.9 million (US$595.0 million). And revenue from clients in other parts of Europe and the rest of the world rose 59.9% to GBP244.6 million (US$376.1 million).

Gross margin edged down to 34.7% from 34.9%.

Net income rose 11.9% to GBP37.8 million (US$58.2 million).

SThree has a focus on information technology staffing; it also provides staffing in finance and accounting, engineering, pharmaceuticals, human resources and legal. It has 33 offices in the United Kingdom and 24 around the world, including one in the U.S.

SThree PLC
For the fiscal year ending Nov. 30, 2008, compared with the previous year.
Revenue: GBP631.5 million (US$971.1 million), +20.8%
Net income: GBP37.8 million (US$58.2 million), +11.9%

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