FINANCIALS: Kelly Services reveals slight rise in revenue

Recruitment giant Kelly Services has seen a marginal increase in revenue year-on-year in Q3 2018.

Results, released late yesterday, reveal Q3 revenue of $1.3bn (£900m), up 1% and 1.9% in constant currency on the same period last year, with Q3 earnings of $21.9m, up from $18.2m in the third quarter of 2017.

Kelly president and CEO George Corona commented: “The company performed well in the third quarter, despite the continuing tight labour market.

“Our teams are working on new and innovative ways to close the labour supply gap and we are taking the actions necessary to deliver on the bottom line while continuing to invest in technology for our future. Given the current economic environment we will carefully manage our business with a focus on adding value to our clients and improving our profitability.”

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