Associated Press (07/23/12)
Kforce says it will book a pretax charge of between $60 million and $70 million to its second-quarter results because of a decline in the value of its companies that work with government agencies. The companies comprise about 8% of Kforce’s total revenue. The company says the revenue is being hurt by “increasingly significant delays” in getting already-funded government projects started.
Exclusive Guide From Gibraltar—Factoring for Staffing Companies
Whether your firm needs working capital to hire new talent, maximize a marketing opportunity, or extend client payment terms, factoring allows staffing companies to convert unpaid invoices into cash today. Download now to get answers to the top 10 questions related to accessing working capital via invoice financing.