Robert Half Posts 93 Percent Profit Drop

August 21, 2009 – Robert Half International Inc./(NYSE:RHI) has posted second quarter 2009 revenues of $749.9 million, a 39 percent decline from revenues of $1.2 billion in the second quarter of 2008. During the second quarter ended June 30, net income was $5.4 million, or 3 cents a share, a 93 percent decrease compared with earnings of $74.6 million, or 47 cents a share, a year ago. Revenue from the firm’s finance and accounting segment dropped 66 percent to $44 million, while the management resources division fell 43 percent to $94.5 million during the quarter. “The labor markets remained weak during the second quarter, with the U.S. unemployment rate reaching a 26-year high of 9.5 percent in June,” said Harold M. Messmer Jr., chairman and CEO. “While we continued to see year-over-year and sequential revenue declines, we were encouraged that the sequential declines were significantly less than those reported in the previous quarters. We remain in solid financial condition with essentially no debt.”