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View All NewsWorld – Protiviti and Technology divisions boost Robert Half’s results
Robert Half (RHI: NYSE), the US-based international professional staffing firm, yesterday reported revenue for the first quarter ending 31 March 2015 of USD 1.2 billion, an increase of 11.1% compared with USD 1.1 billion in Q1 2014.
(millions) | Q1 2015 | Q1 2014 | Change |
Revenue | USD 1,205.6 | USD 1,084.3 | +11.1% |
Gross Profit | USD 494.1 | USD 438.5 | +12.7% |
Net Income | USD 77.9 | USD 61.6 | +26.6% |
Harold M. Messmer, Jr., Chairman and CEO of Robert Half, commented: “Led by Protiviti and Robert Half (RH) Technology, all of our divisions contributed to a solid first quarter. We saw broad-based revenue gains and higher service demand in every line of business. First quarter revenues from our staffing operations were up 10% from the year-ago first quarter. Protiviti revenues for the quarter were up 22%.”
“Growth rates remained the strongest in our US operations, but currency-adjusted revenues outside the United States grew nicely, too. This was Robert Half’s 20th straight quarter of double-digit net income and earnings per share percentage growth on a year-over-year basis.”
Revenue by business segment was as follows:
(millions) | Q1 2015 | Q1 2014 | Change |
Accountemps | USD 413.8 | USD 383.0 | +8.0% |
OfficeTeam | USD 231.1 | USD 211.1 | +9.5% |
RH Technology | USD 153.7 | USD 132.3 | +16.2% |
RH Management Resources | USD 144.8 | USD 131.2 | +10.4% |
RH Finance & Accounting | USD 98.4 | USD 92.6 | +6.2% |
Protiviti | USD 163.6 | USD 134.1 | +22.0% |
Total Revenue | USD 1,205.6 | USD 1,084.3 | +11.1% |
Robert Half operates across the world but provides no geographical breakdown of their results by region or country.
In trading yesterday, the company’s share price closed down 0.3% at USD 59.39, an increase of 36.6% compared with a year ago. Based on its current share price, the company has a market value of USD 8 billion.