Revenues rise at Kelly Services_2

Revenues have risen at recruitment giant Kelly Services, according to Q2 results.

Revenues have risen at recruitment giant Kelly Services, according to Q2 results.

The group reported Q2 revenues of $1.4bn, up 16% compared to the same quarter in 2010, while earnings from operations for Q2 2011 were $21m, compared to earnings from operations of $8m reported for the second quarter of 2010.

Kelly Services president and CEO Carl T. Camden says: “We are pleased that Kelly completed a very strong second quarter, despite the slow-moving recovery. Solid revenue growth coupled with our ability to effectively leverage a leaner cost structure resulted in improved earnings.

“A concentration on specialised outsourcing services is also expected to contribute to profits.

“Today’s changing labour markets demand new approaches. We are creating custom workforce solutions for customers through our outsourcing and consulting services, and targeting other higher-margin staffing business such as professional and technical.” 

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