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World - Robert Half reports double-digit revenue growth across all businesses

22 October 2014

Robert Half (RHI: NYSE), the US-based international professional staffing firm, yesterday reported revenue of USD 1.2 billion for the third quarter ending 30 September 2014. An increase of +13.9% compared with USD 1.1 billion compared with the same period last year.

Gross profit for the period rose by +15.5% to USD 505.2 million, up from USD 437.5 million a year ago. Net income for the quarter was USD 85.2 million, an increase of +28.4% from USD 66.4 million in Q3 2013.

Harold M. Messmer, Jnr., Chairman and CEO of Robert Half, commented: “Demand for our staffing and consulting services accelerated in the third quarter, with all lines of business reporting double-digit, year-over-year revenue gains. The strength in our operations was broad-based and included both US and international locations.”

“This was Robert Half’s 18th consecutive quarter of double-digit net income and earnings-per-share percentage growth on a year-over-year basis,” Mr Messmer added.

All of Robert Half’s business segments reported double-digit revenue growth during Q3 2014, compared with the same quarter last year.

The company’s largest division Accountemps, which accounts for 34% of total company revenue, reported growth of +10.1% in revenue to USD 416.4 million, up from USD 378.1 million a year ago.

Robert Half’s second largest division, OfficeTeam reported revenue growth of +14.1% to USD 237.7 million against USD 208.4 million during Q3 2013.

Robert Half Technology grew by +11% to USD 150.2 million during the third quarter, up from USD 135.3 million last year. Revenue from the company’s Management Resources division was USD 149.9 million, up by +18.9% from USD 126.1 million a year ago.

Robert Half Finance & Accounting reported revenue growth of +16% to USD 102.3 million, up from USD 88.2 million in Q3 2013. Protiviti, the company’s specialist business consulting and internal audit segment, reported revenue of USD 167.7 million, an increase of +20.7% from USD 139 million a year ago.

In trading yesterday, the company’s share price closed up by +5.4% at USD 49.37, an increase of +23.2% compared with a year ago. Based on its current share price, the company has a market value of USD 6.8 billion.