Barrett Business Services Inc. reported gross revenue of $764.1 million, mostly from its professional employer services business, up 37% from $558 million in the third quarter of 2012. Net revenues were $148 million in the third quarter of 2013, up 33% from $111.1 million in the year-ago period.
The company also reported net income of $9 million, up 55% from $5.8 million during the same period last year. By segment, the company reported revenue of $722.4 million for professional employer services, up 38% from $521.8 million, and $41.7 million for staffing services, up 15% from $36.2 million.
New Webinar: CareerBuilder Staffing and Recruiting Talent Brief
As many as 75% of staffing and recruiting professionals say some of their currently existing talent acquisition and human capital management roles will be completely automated using technology over the next 10 years. Find out how this will impact your business.