IT recruiter Harvey Nash profits in Q3 but outsourcing weakens
29 November 2013
IT recruitment and outsourcing group Harvey Nash has announced strong performance in the quarter ending 31 October, although its outsourcing business was in decline.
Fri, 29 Nov 2013IT recruitment and outsourcing group Harvey Nash has announced strong performance in the quarter ending 31 October, although its outsourcing business was in decline.
Overall, revenue grew by 19% against the same period in the previous year, while gross profit (GP) and operating profit were both up 6%.
Permanent recruitment GP was up by 11%, just ahead of temporary recruitment at 9%, while GP from outsourcing was 13% down. This pattern reflects the situation seen through the year as a whole in the company, the statement, available from the recruiter's website, shows.
In the first half of the financial year, recruiter.co.uk reported that the company saw profits hit by problems in the German market.
Overall, revenue grew by 19% against the same period in the previous year, while gross profit (GP) and operating profit were both up 6%.
Permanent recruitment GP was up by 11%, just ahead of temporary recruitment at 9%, while GP from outsourcing was 13% down. This pattern reflects the situation seen through the year as a whole in the company, the statement, available from the recruiter's website, shows.
In the first half of the financial year, recruiter.co.uk reported that the company saw profits hit by problems in the German market.
