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Kelly Services Reports First-Quarter Results

Kelly Services News Release (05/07/14)

Kelly Services Inc. reported revenue of $1.33 billion for the first quarter of 2014, up 1.2% from $1.31 billion in the first quarter of 2013. Net earnings totaled $2.5 million, down 80.5% from $12.9 million in the year-ago quarter.

Revenue for the U.S. totaled $839.9 million, essentially unchanged from $839.5 million on a year-to-year basis. By segment, revenue totaled $91.6 million for the Asia-Pacific region, down 0.1% (up 7.5% in constant currency) from $91.7 million, and $134.4 million for outsourcing and consulting services, up 25.1% (25.9% in constant currency) from $107.4 million.