FINANCIALS: Staffing group Kelly marginally down in Q3
7 November 2013
International staffing firm Kelly Services saw revenues declined by the slim margin of 0.6% to $1.3bn (£0.8bn) between Q3 2012 and Q3 2013, according to results published online.
Thu, 7 Oct 2013International staffing firm Kelly Services saw revenues declined by the slim margin of 0.6% to $1.3bn (£0.8bn) between Q3 2012 and Q3 2013, according to results published online.
This followed a marginal revenues rise in Q2. The latest quarter saw earnings of $20.2m, compared with $24m in the same period last year, which president and chief executive officer Carl T Camden said “surpassed our expectation despite and erratic and lacklustre economy”.
The firm saw revenues, adjusted for fluctuations, drop 3.9% in the Americas, rise 2.3% in EMEA and 3% in Asia Pacific, and by 21.7% in the KellyOCG outsourcing division.
Reflecting the pattern seen in various global recruiters – most recently including Adecco, as noted yesterday on recruiter.co.uk – Australia and New Zealand proved difficult markets, although a revenue decline in Australia actually converted into a rise when adjusted for currency fluctuations.
This followed a marginal revenues rise in Q2. The latest quarter saw earnings of $20.2m, compared with $24m in the same period last year, which president and chief executive officer Carl T Camden said “surpassed our expectation despite and erratic and lacklustre economy”.
The firm saw revenues, adjusted for fluctuations, drop 3.9% in the Americas, rise 2.3% in EMEA and 3% in Asia Pacific, and by 21.7% in the KellyOCG outsourcing division.
Reflecting the pattern seen in various global recruiters – most recently including Adecco, as noted yesterday on recruiter.co.uk – Australia and New Zealand proved difficult markets, although a revenue decline in Australia actually converted into a rise when adjusted for currency fluctuations.
