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Insperity Inc. (NYSE: NSP) reported third-quarter revenue rose 5.5 percent year over year to $539.9 million. The Houston-based professional employer organization attributed the rise to a 1.7 percent increase in the average number of worksite employees paid per month and a 3.6 percent increase in revenue per worksite employee per month.
However, third-quarter gross margin fell to 18.0 percent from 19.2 percent in the year-ago quarter.
Net income fell 12.0 percent in the third quarter to $10.1 million from $11.5 million in the same quarter last year.
Insperity Inc. (NYSE: NSP)
For the third quarter ended Sept. 30, 2013, compared with the same period in the previous year.
Revenue: $539.9 million, +5.5 percent
Net income: $10.1 million, -12.0 percent