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World — Robert Half doubles operating income in Q2

22 July 2010

Robert Half International Inc. (RHI:NYQ), the US-quoted specialised staffing and risk consulting services group, has announced second quarter and first half results for the period ended 30 June 2010.

Q2 revenues were up from $749.8 million in 2009 to $769 million in 2010. Q2 operating income was up from $10 million in 2009 to $22.3 million in 2010.


H1 revenues were down from $1.57 billion in 2009 to $1.5 billion in 2010. H1 operating income was up from $26.7 million in 2009 to $34.8 million in 2010.

Q2 operating income from temporary and consulting staffing was down from $25.2 million in 2009 to $23.5 million in 2010.

Q2 operating income from permanent placement staffing was up from a loss of -$1.9 million in 2009 to a profit of $5.5 million in 2010.

Q2 operating income from risk consulting and internal audit services was up from a loss of -$13.1 million in 2009 to a reduced loss of -$6.7 million in 2010.

Harold M. Messmer, Jr., Chairman and CEO of Robert Half International, said "we were pleased to see year-over-year and sequential revenue growth during the quarter. Second-quarter revenues and net income were up +3% and +125%, respectively, from the second quarter of 2009."

Messmer added, "our OfficeTeam and Robert Half Technology staffing divisions performed particularly well, as did our permanent-placement operations. Second-quarter revenues for our Robert Half Finance & Accounting permanent placement division were up +29% from one year ago and up +15% sequentially."

Robert Half give no explanation of results in Europe but the company operates in Austria, Belgium, Czech Republic, France, Germany, Italy, Luxembourg, Netherlands, Switzerland and the UK.

At the close of NYSE trading yesterday Robert Half's shares were down by -1.26% to $24.29.

 

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