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Robert Half International First Quarter Profit Jumps

Robert Half International News Release (04/24/12)

Robert Half International Inc. reported net income of $48.3 million or $0.34 per share, on revenues of $1.02 billion, for the quarter ending March 31. Net income for the prior year’s first quarter was $26.7 million or $0.18 per share, on revenues of $880.9 million. Strong demand for specialized staffing and consulting services boosted revenue.

Staffing revenue in the U.S. rose 19.6% compared with the year before, while international revenue grew 9%. The increase in U.S. staffing was driven by a 28.1% increase in permanent job placements, while temporary placements were up 19%.

“We were pleased with our financial results for the quarter, which were the result of continued strong demand for our specialized staffing and consulting services,” says Harold M. Messmer Jr., chairman and chief executive officer of Robert Half International.