Robert Half and Paychex Under Review: Key Factors Aiding the Industry
LONDON, February 27, 2013 /PRNewswire/ --
An increase in the private sector hiring and corporations' constant efforts to reduce cost, especially in tough, competitive business environment have been beneficial to the staffing and outsourcing service providers like Robert Half International Inc. (NYSE: RHI) and Paychex Inc. (NASDAQ: PAYX). StockCall has released free charting and technical research on these two aforementioned companies. Register to read these reports at
Robert Half International Inc. announced robust fourth quarter results
Robert Half International is the world's first and largest specialized staffing firm, a recognized leader in professional consulting and staffing services, and is the parent company of Protiviti®, a global consulting and internal audit firm composed of experts in risk, advisory and transaction services. For the fourth quarter, the company reported Net Income growth of 37.5% to $58.6 million, or $0.42 per share on Revenues of $1.03 billion, which grew by 5.8% over fourth quarter of 2011. For full year 2012, Net Income grew by 40% to $209.9 million, or $1.50 per share, on Revenues of $4.11 billion which reported a growth of 8.7%. Sign up for the free report on Robert Half International Inc. at
Harold M. Messmer Jr., Chairman and CEO of Robert Half International, said: "We were pleased with the fourth quarter financial results for the company. Global operating income was up 35 percent as a result of continued gross-margin expansion, lower selling, general and administrative expense ratios, and a solid fourth quarter for Protiviti. This is the 11th consecutive quarter in which net income and earnings per share have grown 20 percent or more on a year-over-year basis."
Messmer added, "Revenue growth in our staffing operations reflects ongoing demand for skilled talent on an interim and full-time basis, most notably in the United States."
Paychex Inc. reports second quarter results
Paychex Inc. is a leading provider of payroll, human resources and benefits outsourcing solutions for small- to medium-sized businesses. For the second quarter of fiscal 2013, the company reported Net Income of $147.9 million, or $0.41 per share, on Revenues of $559.4 million, thereby representing 5% earnings and revenue sales growth over second quarter of fiscal 2012. Payroll service revenue increased 1% to $377.0 million while Human Resource Services revenue increased 12% to $182.4 million. The Paychex Inc. free technical report can be accessed by signing up at
Martin Mucci, President and Chief Executive Officer of Paychex Inc., commented, "We made solid progress in the second quarter. While payroll services revenue grew modestly at 1.4%, impacted by client disruptions from Hurricane Sandy, Human Resource Services revenue grew at a double-digit rate as we continue to experience success in selling value-added solutions to our clients. Checks per payroll increased 1.2% for the quarter over the previous year. We are seeing good results from our selling efforts in the small business market and are well-positioned for our peak selling season. In addition, our client retention levels remain near historic high rates generated by our employees' commitment to client satisfaction. During the quarter, we introduced our industry-leading online client report center and acquired ExpenseWire, an online expense management solution for our mid-market clients."
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