FINANCIALS: Kelly Services reveals slight dip in revenue

Recruitment giant Kelly Services has posted a marginal decline in year-on-year revenue for Q4 2018.

Results for the period released yesterday reveal revenue of $1.4bn (£1.08bn), down 0.5% on the same period last year and down 0.6% in constant currency, while earnings from operations for the year were $33.1m, up from $28.4m for Q4 2017.

Full year 2018 earnings from operations was up 5% to $87m.

Commenting on the group’s performance, CEO George Corona said: “The company delivered a good quarter and a solid year in a challenging labour market. 

“We are pleased with the flexibility and resourcefulness of our Kelly team members, and with the strategic investments we made in people, products and technology. We are optimistic about 2019, knowing these strategic investments will help us capitalise on the expanding specialty talent solutions markets, where there are abundant opportunities for growth and increased profitability.”

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