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Robert Half Will Weather The Cycle

Robert Half Will Weather The Cycle

Robert Half International Inc. has reported revenues and earnings for the first quarter ended March 31, 2009.
For the quarter ended March 31, 2009, net income was $8.8 million on revenues of $823.3 million. Net income for the prior years first quarter was $70.8 million on revenues of $1.23 billion.

The labor markets in the United States and around the globe were extremely weak during the first quarter, with the U.S. unemployment rate reaching a 25-year high of 8.5 percent in March, said Harold M. Messmer, Jr., chairman and CEO of Robert Half International. Our experienced field and corporate management teams did an excellent job of aggressively managing costs in response to the challenging economic environment.

Robert Half International remains in solid financial condition with virtually no debt, and we are confident in our ability to weather this cycle, Messmer said. We also believe the company is in a good position to grow market share as some of our competitors contract their operations.

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