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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&reg, a global consulting and internal audit firm composed of experts in risk, advisory and transaction services. The company’s specialized staffing divisions include Accountemps&reg, Robert Half&reg Finance & Accounting and Robert Half&reg Management Resources, for temporary, full-time and senior-level project professionals, respectively, in the fields of accounting and finance OfficeTeam&reg, for highly skilled temporary administrative support personnel Robert Half&reg Technology, for information technology professionals Robert Half&reg Legal, for legal personnel and The Creative Group&reg, 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

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