FINANCIALS: Kelly Services reports increase in Q4 revenues

Recruitment giant Kelly Services has reported a 9% annual increase in Q4 revenues, according to results for the fourth quarter and full year 2017.

The results, released yesterday, reveal revenue for Q4 2017 of $1.4bn (£990m), up 9%, or 7.3% in constant currency, on the same quarter of 2016, with full-year revenue of $5.4bn, up 1.9% or 1.3% in constant currency, compared to the previous year.

Meanwhile, the group posted earnings from operations for Q4 2017 of $28.4m, compared to $19.8m in Q4 2016 and earnings from operations for the full year of $83.3m, compared to $63.2m in 2016.

Reflecting on the results, Kelly president and CEO George Corona said: “Our fourth quarter performance reinforces that 2017 was a successful year of focus and acceleration for Kelly. We created and carried strong momentum through all four quarters, grew the top line, improved our GP and conversion rate, and increased our earnings from operations by 32% over last year – all while accelerating investments that position Kelly for long-term growth.”

• Comment below on this story. You can also tweet us to tell us your thoughts or share this story with a friend. Our editorial email is [email protected]

CONTRACTS & DEALS: 15-19 APRIL 2024

This week’s new contracts & deals include: Oleeo, Randstad, Sirona Medical, Workday

Contracts 15 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

Aliter Capital appoints Antunes to grow technology and resourcing arm

Aliter Capital, a specialist buy and build investor focused on SME support services businesses, has appointed John Antunes as group CEO for its technology transformation and resourcing investment.

People 11 April 2024

FINANCIALS: Empresaria reveals fall in profits, but Offshore Services delivers growth

Empresaria’s Offshore Services operations proved to be the shining light in the company’s fortunes in 2023, according to the global specialist staffing group’s annual results.

Financials 27 March 2024
Top