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US - Robert Half’s growth concentrated in US

July 24 2013

Robert Half International Inc. (NYSE: RHI) reported second-quarter global revenue of $1.06 billion, up 3.4 percent from $1.02 million in the second quarter of last year and surpassing analyst estimates. Gross margin improved to 40.6 percent from 40.4 percent in the year-ago quarter.

Second-quarter revenue from international staffing operations fell 6.5 percent, but revenue at U.S. staffing operations rose 4.5 percent.

“Revenue growth was concentrated in the United States, which has been the case for the past several quarters," said Chairman and CEO Harold Messmer, Jr. “Within our staffing lines of business, our Robert Half Technology division reported the most sizable revenue gains. Protiviti also had another excellent quarter, with revenues reaching their highest level since the fourth quarter of 2007.”

Second-quarter revenue at the Robert Half Technology division, which provides IT staffing, rose 10.2 percent to $131.8 million.

Global second-quarter revenue in the company’s largest division, Accountemps, fell 0.7 percent to $378.5 million.

Protiviti, the company’s global business consulting and internal audit division, posted second-quarter revenue growth of 18.7 percent to $130.8 million from the same quarter year prior.

Net income rose 39.2 percent year over year in the second quarter to $63.1 million. However, net income in the second quarter of last year was impacted by an $8.1 million legal settlement.

Separately, a lawsuit filed against the company by a worker seeking compensation for time spent interviewing with current and potential clients will go into arbitration instead of proceeding as a class action lawsuit, according to a filing with the U.S. Securities and Exchange Commission. The plaintiff in this case was Vincent Uberti.


Robert Half International Inc. (NYSE: RHI)
 For the second quarter ended June 30, 2013, compared with the same period in the previous year.
 Revenue: $1.06 billion, +3.4 percent
 Net income: $63.1 million, +39.2 percent


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