Spherion Q3 Revenues FAll 23 Percent

November 2, 2009 – Recruiting company Spherion Corporation/(NYSE:SFN) has posted third quarter 2009 revenues of $420 million, a 22.5 percent decline from revenues of $542 million during the same period last year. The Fort Lauderdale-based company posted a net loss of $53,000, or zero a share, for the quarter, down from a profit of $4.1 million, or eight cents a share, in the prior-year period. “As the economic recovery takes hold, our focus is now shifting towards growing operating margins through expansion of our higher value services such as recruitment process outsourcing, where we are the industry leader, and professional staffing and solutions, while continuing our focus on operational effectiveness,” said Roy Krause, president and CEO. “I believe that we are well positioned operationally and strategically to emerge from this tumultuous period with a more balanced mix of business.”

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