FINANCIALS: Kelly Services reveals revenue drop

Recruitment giant Kelly Services has seen revenue fall 3% year-on-year, according to results for the second quarter of 2017.

The results, published yesterday, reveal revenue for the second quarter of 2017 of $1.3bn (£1bn), 3% down on the corresponding quarter of 2016, but up 4%, when adjusted to account for the transfer of Asia-Pacific staffing operations to the TS Kelly Asia Pacific joint venture at the start of Q3 2016.

The group also reported Q2 operating earnings rose 71% year-on-year, with earnings per share of 47 cents, up from 23 cents in the same quarter last year.

Commenting on the group’s performance, Kelly president and CEO George Corona pointed to a “successful quarter that confirmed our strategic direction and continued Kelly's forward momentum in the market”. 

“Our performance demonstrates our sustained ability to grow the top line, operate more efficiently and deliver solid returns to our shareholders – all while continuing to invest in the future. I'm incredibly proud of our Kelly teams' commitment to growth and delivering such strong results."

• Want to comment on this story? Email us at or tweet us below to tell us your thoughts. We will run comments online in a round-up at the end of the week.

Email story to a friend

Twitter Twitter

FINANCIALS: Losses widen at Nakama Group

Losses widened at AIM-quoted international recruitment consultancy Nakama Group, according to its half-year report for the first six months of the year.

Financials 29 November 2017
Net migration: Shutterstock

FINANCIALS: Empresaria Group on track for record profit but could have been even better

International specialist staffing Empresaria Group says it is on track to deliver record profit before tax for 2017.

Financials 21 November 2017

FINANCIALS: Impellam expects earnings to be down

Impellam Group says it expects full-year earnings to be slightly below expectations, according to a trading update.

Financials 16 November 2017

FINANCIALS: China’s 51job reveals rise in revenues

51job has seen revenues increase 22.4% year-on-year, according unaudited financial results for the third quarter of 2017 ended 30 September 2017.

Financials 10 November 2017