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

Hays posts 13% boost in net fee income

Recruitment giant Hays posted a 13% increase in overall net fee income, including some marginal NFI growth in the UK and Ireland, for the three months to 30 September.

Financials 12 October 2017

FINANCIALS: PageGroup profits down in the UK, up elsewhere

Despite an overall rise in gross profit, political uncertainties around Brexit have resulted in a 7.6% decline in GP in the UK for global recruiter PageGroup.

Financials 11 October 2017

FINANCIALS: Robert Walters reveals growth in UK and worldwide

International recruiter Robert Walters has posted net fee income growth in its operations across the globe, including the UK.

Financials 10 October 2017

FINANCIALS: SSQ posts positive results

Legal search and recruitment consultancy SSQ has seen revenue and gross profits rise year-on-year, according to results for the year ended 31 December 2016.

Financials 3 October 2017