Robert Half Q2 2023 Earnings Report

Robert Half's financial performance declined in Q2 2023 due to elongated client hiring cycles impacting talent solutions, while Protiviti experienced less impact due to its diversified offerings.

Key Takeaways

Robert Half Inc. reported a decrease in revenue and net income for the second quarter ended June 30, 2023. Net income was $106 million, or $1.00 per share, on revenues of $1.639 billion, compared to a net income of $176 million, or $1.60 per share, on revenues of $1.863 billion for the same period in 2022.

Second quarter results for talent solutions were impacted by elongated client hiring cycles resulting from ongoing global macro uncertainty.

Protiviti was much less impacted with its diversified suite of solutions offerings.

Pricing and gross margins remain strong, demonstrating the value-added benefit for their clients.

Robert Half was ranked number one on Forbes’ list of America’s Best Professional Recruiting Firms.

Total Revenue

$1.64B

Previous year: $1.86B