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Hays revenue rises 20%

September 08 2008

London-based staffing firm Hays PLC said revenue rose 20% to GBP2.54 billion (US$5.07 billion) in its fiscal year ended June 30 from GBP2.11 billion in the previous year.

Net income rose 13% to GBP188.2 million (US$375.5 million) from GBP166.5 million in the previous year.

"Currently, in the United Kingdom demand for temporary placements has flattened out and we are experiencing falling demand for permanent placements," said Chief Executive Alistair Cox. "In Australia, we are seeing good growth in demand for temporary placements, but demand for permanent placements has leveled off ' In most of the other countries in which we operate, we are currently seeing strong growth in demand for our services."

Hays has 391 offices in 27 countries, although it doesn't have an office in the United States.

Hays PLC
For the full year ended June 30, 2008, compared with the same period in the previous year.
Revenue: GBP2.54 billion (US$5.07 billion), +20%
Net income: GBP188.2 million (US$375.5 million), +13%

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