Connecting to LinkedIn...

Blank

Robert Half International Inc. has reported revenues

Robert Half International Inc. has reported revenues and earnings for the first quarter ended March 31, 2011.

For the quarter ended March 31, 2011, net income was $26.7 million or $.18 per share, on revenues of $880.9 million. Net income for the prior years first quarter was $8.5 million or $.05 per share, on revenues of $737.2 million.

During the first quarter, we continued to see positive business trends, said Harold M. Messmer, Jr., chairman and CEO of Robert Half International. Companywide revenues grew 19 percent from the first quarter of last year, and income per share was up
248 percent from one year ago.

Messmer added, We saw strong demand for our professional staffing services, particularly in our Robert Half Technology and Robert Half Finance & Accounting divisions. We also saw an improving pricing environment indicative of further strengthening in
our underlying labor markets.

ROBERT HALF INTERNATIONAL INC. AND SUBSIDIARIES

SUMMARY OF OPERATIONS
(in thousands)
Quarter Ended March 31, 2011 (Unaudited)
Net service revenues $880,869
Direct costs of services 542,780
Gross margin 338,089
Selling, general and administrative expenses 293,686
Amortization of intangible assets 39 269
Interest income (212)
Income before income taxes 44,576
Provision for income taxes 17,871
Net income $ 26,705

ROBERT HALF INTERNATIONAL INC. AND SUBSIDIARIES

SUPPLEMENTAL FINANCIAL INFORMATION
(in thousands)
Quarter Ended March 31, 2011 (Unaudited)
REVENUES:
Accountemps $330,326
OfficeTeam 176,331
Robert Half Technology 96,559
Robert Half Management Resources 111,466
Robert Half Finance & Accounting 67,604
Protiviti 98,583
Total $880,869

GROSS MARGIN:
Temporary and consultant staffing $245,668
Permanent placement staffing 67,589
Risk consulting and internal audit services 24,832
Total $338,089 $268,128

OPERATING INCOME:
Temporary and consultant staffing $ 38,070
Permanent placement staffing 7,867
Risk consulting and internal audit services (1,534)
Total $ 44,403

Tags:

Articles similar to

Articles similar to