Robert Half 3rd Quarter Results
Robert Half International Inc., The California -based specialist staffing company has reported that its third-quarter revenues fell 1.6% to $1.16 billion compared with almost $1.18 billion in the same period last year.
"Our third-quarter results clearly were impacted by the turmoil in the global financial markets," Chairman and CEO Harold Messmer Jr. said. "Clients became increasingly cautious with their hiring actions as the quarter progressed." He pointed out, however, that third-quarter revenue from international staffing operations rose 15% year over year on a constant currency basis. International operations make up 30% of the company's total staffing revenue. Still, third-quarter revenue fell in all the company's divisions except for its Robert Half Technology unit, which posted a 1.9% increase in third-quarter revenue to $112.3 million.
More crucially Robert Half's third-quarter net income fell by 11.0% to $65.8 million.