Robert Half Q1 2020 Earnings Report

Robert Half's financial performance reflected a strong start but was impacted by the COVID-19 pandemic in the second half of March.

Key Takeaways

Robert Half International Inc. reported a decrease in net income to $90 million, or $0.79 per share, on revenues of $1.507 billion for the quarter ended March 31, 2020. The company's results were negatively impacted by the COVID-19 pandemic, particularly affecting its staffing operations, although Robert Half Technology and Robert Half Management Resources divisions showed solid results, and Protiviti experienced double-digit revenue growth.

Net income decreased to $90 million, or $0.79 per share, compared to $110 million, or $0.93 per share, in the prior year's first quarter.

Revenues increased to $1.507 billion from $1.469 billion in the same quarter last year.

The COVID-19 pandemic began to impact the business in the second half of March, particularly affecting staffing operations.

Protiviti demonstrated strong performance with double-digit, year-on-year revenue gains for the eighth consecutive quarter.

Total Revenue

$1.51B

Previous year: $1.47B