.1 percent from the second quarter of last year. Gross margin in this segment narrowed to 13.6 percent from 14.5 percent in the year-ago quarter.
CDI’s Management Recruiters International segment recorded a 5
.S. staffing firms completed a significant acquisition. Randstad Holding is now the third largest, after acquiring SFN Group. Recruit Co. Ltd. is now the seventh-largest U.S. staffing firm, after acquiring
quarter to $91.4 million. KellyOCG includes recruitment process outsourcing, managed services, independent contractor compliance, executive search, outplacement and other services.
Kelly second-quarter net
rose 4.0 percent to $178.4 million. However, gross margin in this segment narrowed to 12.7 percent from 14.5 percent in the year-ago quarter.
CDI’s franchised Management Recruiters International segment
.7 percent, or 30.9 percent in constant currency, in the third quarter to $104.7 million. KellyOCG includes recruitment process outsourcing, managed services, independent contractor compliance, executive
.9 million, Management Recruiters International revenue slipped 21.9% to $13.7 million and AndersElite revenue fell 35.6% to $23.2 million.
CDI's IT solutions revenue, however, rose 13.0% in the fourth
.1% in 2007.
The company said it completed an investigation of its Recruit Events Services Ltd. subsidiary it had announced earlier. The irregularities at the subsidiary relate to overstatement of revenue
to recruit permanent workers, according to the Governor's Office. Excluding the medical field and certain trades, the estimated savings by using personnel services is 42%.
In addition, the Governor's Office
-ago quarter, and Jefferson Wells revenue fell 22.9% to $40.6 million.
Permanent recruitment is up 1% from the first quarter of last year, the company reported in a conference call with analysts.