Robert Half: Q3 Earnings Snapshot
Tuesday, Oct 22, 2024 4:25 pm ET
1min read Robert Half Inc. (NYSE: RHI), the world's first and largest specialized talent solutions and business consulting firm, recently reported its third-quarter financial results for the period ended September 30, 2024. The company's net income was $65 million, or $0.64 per share, on revenues of $1.465 billion. This represents a decrease from the same period in 2023, which saw net income of $96 million, or $0.90 per share, on revenues of $1.564 billion.
Despite the overall decline, Protiviti, a Robert Half subsidiary, showed strong performance with sequential and year-on-year revenue gains. CEO M. Keith Waddell noted that while client budgets remain constrained, business confidence levels are improving, aided by progress on inflation and the beginning of a global rate-cutting cycle. The company's recent weekly results have been stable for the past 12 to 14 weeks.
Robert Half also received several accolades, including being named one of Fortune's Best Workplaces in Consulting & Professional Services™ and one of PEOPLE's Companies that Care®. These recognitions reflect the company's commitment to its employees and clients, which can contribute to its long-term growth and success.
In conclusion, while Robert Half's Q3 earnings showed a decrease compared to the same period last year, the strong performance of its Protiviti subsidiary and the company's recent accolades indicate a positive outlook for the future. As business confidence levels improve and client budgets stabilize, Robert Half is well-positioned to capitalize on these trends and continue its growth trajectory.
Despite the overall decline, Protiviti, a Robert Half subsidiary, showed strong performance with sequential and year-on-year revenue gains. CEO M. Keith Waddell noted that while client budgets remain constrained, business confidence levels are improving, aided by progress on inflation and the beginning of a global rate-cutting cycle. The company's recent weekly results have been stable for the past 12 to 14 weeks.
Robert Half also received several accolades, including being named one of Fortune's Best Workplaces in Consulting & Professional Services™ and one of PEOPLE's Companies that Care®. These recognitions reflect the company's commitment to its employees and clients, which can contribute to its long-term growth and success.
In conclusion, while Robert Half's Q3 earnings showed a decrease compared to the same period last year, the strong performance of its Protiviti subsidiary and the company's recent accolades indicate a positive outlook for the future. As business confidence levels improve and client budgets stabilize, Robert Half is well-positioned to capitalize on these trends and continue its growth trajectory.
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