July 29, 2015 – Robert Half International Inc./(NYSE:RHI) has posted second quarter 2015 revenues of $1.27 billion, an increase of nine percent from revenues of $1.16 billion in the second quarter of 2014. Growth rates remained the strongest in the U.S. and also improved internationally on a currency-adjusted basis.
Second quarter results were primarily driven by broad-based revenue gains and higher service demand in every line of business, particularly Protiviti and Robert Half Technology, which were up 20.4 percent and 16.6 percent, respectively.
Net income for the company was $75.1 million, or $.55 per share, compared to earnings of $75.1 million, or $.55 per share, last year. The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.
“We reached the half-year mark with all-time high quarterly results, led by Protiviti and Robert Half Technology,” said Harold M. Messmer Jr., chairman and CEO. “Continued strong demand for our staffing and consulting services contributed to a record quarter. As with the first quarter, growth rates were best in our U.S. operations, but we also saw nice growth internationally.”
“This was Robert Half’s 21st straight quarter of double-digit net income and earnings per share percentage growth on a year-over-year basis,” said Hunt Scanlon Media CEO, Scott A. Scanlon.
Robert Half shares have fallen roughly four percent since the beginning of the year, while the Standard & Poor’s 500 index has risen two percent. The company expects revenues in the range of $1.295 to $1.345 billion for the third quarter, which would represent an increase of eight percent on a reported basis and 12 percent on a constant currency basis.
Contributed by Dale M. Zupsansky, Managing Editor, Hunt Scanlon Media