Kforce reported a strong third quarter with revenue reaching $365.4 million, a 5.7% increase year-over-year. EPS increased by 30.9% to $0.89. The company experienced sequential growth in all lines of business, with notable growth in the technology segment.
Revenue for the quarter ended September 30, 2020, was $365.4 million, up 6.5% sequentially and 5.7% year-over-year.
Tech Flex revenues increased 1.7% sequentially but declined 4.2% year-over-year.
FA Flex revenue increased 19.1% sequentially and 51.6% year-over-year, including $51.1 million related to COVID-19 business.
Operating margin for the quarter ended September 30, 2020, was 7.3%, an increase of 280 basis points sequentially and 90 basis points year-over-year.
Kforce provided revenue guidance of $337 million to $347 million and EPS guidance of $0.70 to $0.78 for Q4 2020.
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