Daily News

View All News

World – Robert Half reports growth across all business segments

23 July 2014

US-based international professional staffing firm Robert Half (RHI: NYSE) yesterday reported revenue of USD 1.2 billion for the second quarter ending 30 June 2014, an increase of +10% compared with USD 1.1 billion during the same period last year.

Gross profit for the period rose by +11% to USD 478.4 million, up from USD 432.1 million a year ago. Net income for the period was USD 75.1 million, a year-on-year increase of +19% from USD 63.1 million in Q2 2013.

Harold M. Messmer Jr., Chairman and CEO of Robert Half, commented: “Robert Half’s growth in the second quarter was broad-based and reflective of improving labour markets and higher global demand for our professional staffing services. Year-over-year revenue growth rates accelerated nicely during the quarter, both in the United States and in our international operations. The company’s Protiviti subsidiary also continued to post very strong operating results.”

“The highest sequential and year-over-year revenue growth rates were reported by our permanent placement operations and Protiviti. This was Robert Half’s seventeenth consecutive quarter of double-digit net income and earnings-per-share growth on a year-over-year basis,” he added.

All of Robert Half’s business segments reported year-on-year growth during Q2 2014, compared with the same quarter last year.

The company’s largest division Accountemps, which accounts for 34.5% of total revenue, reported growth of +6% to USD 403 million during Q2 2014, up from USD 378.5 million in Q2 2013.

The company’s second largest division, OfficeTeam reported growth of +9% to USD 226.5 million, up from USD 207.7 million in Q2 2013.

Robert Half Technology reported growth of +8% to USD 142 million, up from USD 131.8 million in Q2 2014. Revenue derived from Robert Half Management Resources increased by +12% to USD 138.5 million, compared with USD 124.1 million last year.

Robert Half Finance & Accounting, the company’s smallest division, achieved revenue growth of +14% in Q2 2014, rising to USD 102.8 million from USD 90.3 million, year-on-year.  

Protiviti, the company’s specialist business consulting and internal audit segment, reported revenue of USD 151 million during the quarter, an increase of +15% compared with USD 130.8 million a year ago.

In trading yesterday, the company’s share price closed up by +0.7% at USD 48.20, an increase of +36.8% compared with a year ago. Based on its current share price, the company has a market value of USD 6.6 billion.