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26 May, 2017 09:08 IST
Robert Half International first-quarter earnings decline by 5.87 percent on a YOY basis
Source: IRIS | 21 Apr, 2017, 05.06PM

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Robert Half International Inc (RHI) has reported a 5.87 percent fall in profit for the quarter ended Mar. 31, 2017. The company has earned $78.52 million, or $0.62 a share in the quarter, compared with $83.42 million, or $0.64 a share for the same period last year.      

Revenue during the quarter went down marginally by 1.17 percent to $1,287.37 million from $1,302.62 million in the previous year period. Gross margin for the quarter expanded 1 basis points over the previous year period to 40.85 percent. Total expenses were 90.27 percent of quarterly revenues, up from 89.74 percent for the same period last year. That has resulted in a contraction of 53 basis points in operating margin to 9.73 percent.

Operating income for the quarter was $125.28 million, compared with $133.61 million in the previous year period.

“We were pleased with our financial results for the first quarter, particularly our international staffing operations and Protiviti,” said Harold M. Messmer, Jr., chairman and chief executive officer of Robert Half. “Return on invested capital was 29 percent during the quarter.”

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