Outsourcing Inc. revenue jumps 21.9% in Jan-Sept period
Japan-based global provider of staffing and outsourcing services Outsourcing Inc. reported revenue growth of 21.9% to US$3.57 billion in the first nine months of 2022.
The firm’s latest financial results report revealed that its gross profit also increased by 18.9% to US$648.1 million from January to September 2022.
On the other hand, its operating profit declined by 1.5% to US$115.8 million year-on-year.
Outsourcing shares closed at JPY 1,274.00 (US$9.05), down 0.62% on the day and 30.94% above the 52-week low of JPY 973.00 (US$6.91) set on 17 June 2022. The company has a market cap of JPY 161.47 billion (USD 1.14 billion).
Looking ahead, Outsourcing Inc. expects its revenue to reach JPY 686.00 billion (US$ 4.87 billion) for the entire year ending 31 December 2022.
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Disclosure: Outsource Accelerator uses AI tools in the backend of its editorial workflow. Every article is reviewed and verified by a human editor before publication.
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