Robert Half reports clients cautious in Q2, revenue dips 10.1%
IT Staffing Report
Robert Half reports clients cautious in Q2, revenue dips 10.1%

Main article
Robert Half (NYSE: RHI) reported that clients remained cautious in the second quarter of 2024. The professional staffing firm’s revenue fell 10.1% in the quarter to $1.47 billion when adjusted for currencies and billing days.
“Client and candidate caution continues to impact hiring activity and new project starts as macroeconomic and interest rate uncertainty persist,” President and CEO M. Keith Waddell said in a press release. “Second-quarter revenues and earnings were within our guidance range.”
Waddell continued, “Protiviti posted strong results, led by US growth in revenues and segment income both on a sequential and year-on-year basis. We remain confident in our ability to navigate the current climate and optimistic about our growth prospects.”
Robert Half operates in the US and 17 other countries.
Robert Half International - Q2 2024
(US$ thousands) | Q2 2024 | Q2 2023 | % change | % change adjusted* |
Service revenue | 1,472,524 | 1,639,478 | -10.2% | -10.1% |
Gross margin | 895,845 | 979,309 | -8.5% | - |
Gross margin percentage | 60.8% | 59.7% | - | - |
Net income | 68,156 | 106,292 | -35.9% | - |
Service Revenue
(US$ thousands) | Q2 2024 | Q2 2023 | % change | % change adjusted* |
Finance and accounting | 623,120 | 721,391 | -13.6% | -13.5% |
Administrative and customer support | 190,344 | 211,023 | -9.8% | -9.8% |
Technology | 157,899 | 181,776 | -13.1% | -13.1% |
Elimination of intersegment revenue | -116,466 | -114,807 | - | - |
Total contract talent solutions | 854,897 | 999,383 | -14.5% | -14.4% |
Permanent placement | 131,063 | 149,254 | -12.2% | -12.0% |
Protiviti | 486,564 | 490,841 | -0.9% | -0.9% |
Guidance
Robert Half forecast third-quarter revenue to be down 9% year over year at the midpoint of guidance to between $1.39 billion and $1.49 billion.
*Adjusted for impact of currencies and billing days.