Robert Half Reports Q1
Robert Half Reports Q1
Robert Half International Inc. has reported revenues and earnings for the first quarter ended March 31, 2013.
For the quarter ended March 31, 2013, net income was $55.9 million, or $.40 per share, on revenues of $1.02 billion. Net income for the prior year’s first quarter was $48.3 million, or $.34 per share, on revenues of $1.02 billion.
Harold M. Messmer, Jr., chairman and CEO of Robert Half International, said: “We were pleased with the company’s overall performance in the first quarter. Demand for our professional services remained strongest in the United States, most notably in our permanent placement, information technology staffing and Protiviti operations. Despite softness in international markets, this is the 12th consecutive quarter in which both net income and earnings per share have grown 15 percent or more on a year-over-year basis.”
Founded in 1948, Robert Half International, the world’s first and largest specialized staffing firm, is a recognized leader in professional consulting and staffing services, and is the parent company of Protiviti®, a global consulting and internal audit firm composed of experts in risk, advisory and transaction services. The company’s specialized staffing divisions include Accountemps®, Robert Half® Finance & Accounting and Robert Half® Management Resources, for temporary, full-time and senior-level project professionals, respectively, in the fields of accounting and finance OfficeTeam®, for highly skilled temporary administrative support personnel Robert Half® Technology, for information technology professionals Robert Half® Legal, for legal personnel and The Creative Group®, for interactive, design, marketing, advertising and public relations professionals.
Robert Half International has staffing and consulting operations in more than 400 locations worldwide.
ROBERT HALF INTERNATIONAL INC. AND SUBSIDIARIES SUMMARY OF OPERATIONS
(in thousands, except per share amounts)
Quarter Ended March 31, 2013 2012
Net service revenues $1,023,684 $1,015,444
Direct costs of services 613,394 613,361
Gross margin 410,290 402,083
SG&A expenses 320,785 322,018
Amortization of intangible assets 433 35
Interest income (304) (234)
Income before income taxes 89,376 80,264
Provision for income taxes 33,513 31,930
Net income $55,863 $48,334