FINANCIALS: Staffing 360 Solutions reveals 40% revenue growth

International recruiter Staffing 360 Solutions has seen revenue grow 41.7% year-on-year, according to Q3 2018 results.

The results, released this morning, reveal revenue rose to $71.3m (£55.2m) from $50.3m in Q3 2017, with gross profit up 30.5% to $12.5m from $9.6m in the same quarter last year.

The group also decreased losses, with a net loss of $1.98m, down from $7.65m in Q3 2017.

Commenting on the group’s performance, chairman and CEO Brendan Flood said: “The Q3 2018 results continue to validate our growth strategy. Both the number of temporary contractors deployed and the billable hours increased significantly. We are making continuing progress in both growing the company and improving profit margins. Our acquisitions are meaningful and our pipeline continues to be strong.”

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