IT Staffing Report: Feb. 13, 2014

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Robert Half revenue up 5% with boost from tech, perm

Professional staffing firm Robert Half International (NYSE: RHI) reported revenue rose 4.8 percent in the fourth quarter to $1.08 billion. Chairman and CEO Harold Messmer cited growth in the firm’s technology staffing, permanent placement and in its Protiviti operations.

Robert Half Technology revenue rose 14.1 percent in the fourth quarter to $137.2 million.

At Protiviti, which provides consulting and internal audit services, revenue rose 18.0 percent to $141.6 million.

Fourth-quarter revenue rose 3.0 in the firm’s OfficeTeam segment to $214.7 million. However, revenue fell 0.4 percent to $377.7 million in Robert Half’s largest division by revenue — Accountemps.

Robert Half temporary and consultant staffing revenue rose 2.7 percent in the fourth quarter. The growth came in the U.S. where temporary and consulting staffing revenue rose 5.0 percent; it fell 4.2 percent at international operations.

Permanent placement revenue rose 5.0 percent in the U.S. but was flat at international operations.

Fourth-quarter gross margin at the Menlo Park, Calif.-based firm improved to 40.9 percent from 40.3 percent in the year-ago quarter.

Net income rose 14.1 percent in the fourth quarter to $66.9 million.

Full-year 2013 revenue rose 3.3 percent to $4.25 billion. Net income rose 20.1 percent to $252.2 million.

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