Robert Half cites marketplace caution, Q1 revenue down 13.4%

Caution in the marketplace continued in the first quarter, Robert Half Inc. (NYSE: RHI) reported. It also cited a stabilization trend.

Still, the professional staffing provider reported first-quarter revenue fell 13.4% on an adjusted basis, which excludes the impact from billing days and foreign currency...

LinkedIn revenue up 10%, though weaker hiring has impact

Revenue at LinkedIn rose 10%, though a weaker hiring environment is having an impact. The information came as parent company Microsoft Corp. (NASDAQ: MSFT) reported earnings on April 25 for its fiscal third quarter ended March 31.

“LinkedIn revenue increased 10% and 9% in constant currency, ahead of...

HCL Technologies revenue up 6.0% with growth in Americas, Europe

Revenue at HCL Technologies Ltd. rose 6.0% in constant currency in its fiscal fourth quarter ended March 31. The Noida, India-based IT services firms recorded growth in the Americas and Europe.

Americas revenue rose 9.2% year over year in constant currency in the fourth quarter and represented 65.2% of...

Staffing Solutions Enterprises acquires Pittsburgh-based B&V Staffing

Staffing Solutions Enterprises, an Independence, Ohio-based staffing firm, acquired B&V Staffing, a Pittsburgh-based IT staffing provider. The deal took effect April 1.

SSE’s presence in Northeast Ohio, which includes Cleveland, complements B&V Staffing’s presence in the Pittsburgh market....

People on the move: PeopleScout, Hire Velocity, Vaco, HCLTech, TalentBridge

PeopleScout, a division of TrueBlue Inc. (NYSE: TBI), promoted Jonathan Porter to managing director, EMEA, effective April 30. Porter currently serves as UK managing director and head of EMEA operational delivery. He succeeds Andrew Wilkinson, who is leaving the company after more than 40 years. Porter...

Inflation gauge ticks higher than expected in March

A gauge of inflation, the US Personal Consumption Expenditures price index, rose to 2.7% for the 12 months ended in March, CNN reported. The rate was above economists’ expectations of 2.6% and February’s reading of 2.5%. “We’re moving in the wrong direction, again, on the inflation story,”...

Tech Mahindra Q4 revenue slips 6.4%, optimistic about upcoming year

IT services giant Tech Mahindra Ltd. reported revenue fell 6.4% in constant currency as measured in US dollars to $1.55 billion in its fiscal fourth quarter ended March 31. The decline took place across geographies and most industries. Fourth-quarter revenue from the manufacturing industry rose.

“As...

ASGN revenue slips in Q1 despite growth in consulting

ASGN Inc. (NYSE: ASGN) reported a boost from consulting revenue in the first quarter, but assignment revenue at the Richmond, Virginia-based firm slipped.

Overall, total revenue at ASGN fell 7.1% year over year in the first quarter to approximately $1.05 billion.

The company said assignment revenue in...

Economic growth slows in Q1, with GDP below expectations

Growth in US gross domestic product slowed in the first quarter when compared to the fourth quarter of 2023.

GDP rose at an annual rate of 1.6% in the first quarter, the US Bureau of Economic Analysis announced today. That’s down from an annual rate of 3.4% in the fourth quarter.

The growth rate is below...

Jobless claims fall by 5,000; at lowest level since February

US initial jobless claims fell by 5,000 in the week ended April 20 to a total of 207,000, the US Department of Labor reported today. The previous week’s level was unrevised. Claims were at their lowest level since the week of Feb. 17.

The four-week moving average of initial jobless claims fell by 1,250...