Half Robert International (RHI) has reported 16.75 percent fall in profit for the quarter ended Dec. 31, 2016. The company has earned $77.79 million, or $0.61 a share in the quarter, compared with $93.44 million, or $0.71 a share for the same period last year.
Revenue during the quarter dropped 3.03 percent to $1,265.07 million from $1,304.59 million in the previous year period. Gross margin for the quarter contracted 36 basis points over the previous year period to 41.04 percent. Total expenses were 90.17 percent of quarterly revenues, up from 88.95 percent for the same period last year. That has resulted in a contraction of 122 basis points in operating margin to 9.83 percent.
Operating income for the quarter was $124.39 million, compared with $144.16 million in the previous year period.
Harold M. Messmer, Jr., chairman and chief executive officer of Robert Half, commented: "Robert Half continued to benefit from a tightening job market and solid service demand domestically and in our non-U.S. markets during the fourth quarter. International staffing operations performed particularly well, and Protiviti also reported year-over-year revenue gains."
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