FINANCIALS: Robert Half net income up, currency headwinds hamper international growth

A healthy US job market and positive economic backdrop elsewhere helped professional services recruiter Robert Half realise its 23rd straight quarter of double-digit net income.
Thu, 4 Feb 2016

A healthy US job market and positive economic backdrop elsewhere helped professional services recruiter Robert Half realise its 23rd straight quarter of double-digit net income. 

The US-based recruiter’s unaudited Q4 financial statement, released this week and covering the three months to 31 December 2015, shows:

• Net income of US$93m (£63.8m), up from $84m on Q4 2014

• Revenue of $1.3bn, up from $1.22bn

• Gross margin of $540m, up from $500.8m

Over the 12 months to 31 December 2015:

• Net income rose to $375.8m from $305.9m in 2014

• Revenue rose to $5.1bn from $4.7bn

• Gross margin rose to $2.1bn from $1.9bn

Currency exchange headwinds hampered growth in the recruiter’s international markets, with its Q4 temporary and consulting revenue growth rate falling 7.2%. When considering constant currency rates, growth increased 4.4%. Permanent placement revenue fell 7.8%, though rose 3,5% on a constant currency basis. 

Its technology division appeared to be the best performing, returning the highest global growth rate: 9.6%, or 10.2% in constant currency. Growth increased across all business segments.

No base line figures were given for these growth rates.

Recruitment Apprentice Edwards gains massive experience from process

Entrepreneur Lord Sugar’s £250k investment won’t be heading to a recruiter on this year’s BBC reality show The Apprentice.

People 17 April 2024

MSP firm Abacus Group welcomes D’Ambrosi on board as new CEO

Abacus Group, a managed services provider to alternative investment firms, has appointed Anthony J D’Ambrosi as its new CEO.

People 11 April 2024

Nicholas Associates Group appoints Kendall COO

Rotherham-headquartered recruitment specialist Nicholas Associates Group (NAG) has strengthened its executive board with the appointment of Kelly Kendall as chief operating officer.

People 10 April 2024

APPOINTMENTS: 1-5 APRIL 2024

This week’s appointments include: Ably Resources, Accurate Background, NPAworldwide

People 4 April 2024
Top