Monster results

Monster Worldwide announces 13% revenue increase for first quarter

Monster Worldwide has seen its revenue increase by 13% to $370m (£187m) in the first quarter of  the year.

The increase contrasts with $329m (£166m) at the same point last year. Revenue for Monster Careers expanded by 16% to $337m (£170m). International revenue saw growth of 44%. North American careers revenue now stands at $184m (£93m).

Sal Iannuzzi, chairman, president and chief executive officer of Monster Worldwide, said: "We are taking decisive action to redirect and integrate our sales resources to take advantage of the tremendous untapped opportunities to add customers in the large, medium and small company segments. This new "go to market" approach will enable us to better align our sales teams against the opportunity that offers the highest return on our investment. This sales force redirection will allow for more productive and deeper customer relationships while broadening our sales coverage and market penetration. We believe this action will help fuel us through the current economic downturn and position us well for an economic rebound. We are convinced that the current market environment presents a building opportunity that will yield solid benefits to our shareholders."

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