Robert Half’s Q2 revenue declines amid economic uncertainty
CALIFORNIA, UNITED STATES — Recruitment firm Robert Half announced a decline in net income and revenue in its second-quarter financial report.
The company’s net income fell to $106 million from the previous year’s US$176 million, and revenues dropped from US$1.863 billion to US$1.639 billion.
Looking at the first half of 2023, the firm also witnessed a drop in earnings from US$344 million to US$228 million, with revenues falling from US$3.678 billion to US$3.356 billion.
Robert Hald CEO M. Keith Waddell attributed these results to the prolonged hiring cycles driven by global macroeconomic uncertainties.
Waddell also expressed confidence in the company’s strategic position, pricing, and gross margins, adding that they are prepared to reap significant benefits when the macroeconomic landscape improves.
Despite these hurdles, Robert Half earned various prestigious accolades in Q2. Forbes recognized the company as America’s Best Professional Recruiting Firm.
Fortune also acknowledged it as a top workplace for millennials, and Forbes named it one of America’s Best Employers for Women.
