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View All NewsWorld – Robert Half Q1 revenue rises 8.5% amid tight labour markets
First-quarter revenue rose 8.5% at Robert Half International Inc. (NYSE: RHI) on a same billing-day, constant-currency basis to $1.47 billion. In reported rates, revenue grew 5.2%.
| (USD thousands) | Q1 2017 | Q1 2018 | % change | Constant Currency (Same Day Billing) |
| Net service revenue | 1,468,530 | 1,395,333 | 5.2% | 8.5% |
| Gross margin | 607,588 | 572,366 | 6.1% | N/A |
| Gross margin percentage | 41.3% | 41.0% | N/A | N/A |
| Net income | 109,798 | 96,167 | 14.1% | N/A |
Robert Half’s Protiviti segment posted the highest revenue growth in the first quarter.
Revenue by segment
| (USD thousands) | Q4 2018 | Q4 2017 | % change |
| Accountemps | 483,473 | 471,589 | 2.5% |
| OfficeTeam | 252,035 | 261,152 | -3.5% |
| Robert Half Technology | 171,928 | 160,062 | 7.4% |
| Robert Half Management Resources | 177,191 | 173,485 | 2.1% |
| Robert Half Finance and Accounting | 131,562 | 121,400 | 8.3% |
| Protiviti | 263,236 | 214,355 | 21.5% |
“We saw solid revenue growth in our staffing and Protiviti operations during the quarter, both in our U.S. and non-U.S. operations,” said Harold M. Messmer, Jr., chairman and CEO of Robert Half. “Persistent tight labor markets globally continue to result in heightened demand for our professional staffing services.”
In trading yesterday Robert Half shares closed at $68.79, up 2.08% on the day and 13.92% below its 52-week high of $79.91, set on 9 August 2018. Based on its current share price the company has a market value of $8.15 billion.