Robert Half Reports Q1 EPS Drop to $0.14, Revenues Down 4%
Robert Half posted Q1 net income per share of $0.14 versus $0.17 a year earlier, with global enterprise revenues down 4% reported and 6% adjusted. Protiviti's tech consulting now generates one-third of revenues and the company is implementing a $5 million risk and compliance cost action.
1. Q1 Earnings Decline
Robert Half reported net income per share of $0.14 for Q1, down from $0.17 a year earlier. Global enterprise revenues fell 4% on a reported basis and 6% on an adjusted basis, reflecting seasonally elevated tax rates and subdued client demand.
2. Protiviti Segment Developments
Protiviti's tech consulting now accounts for roughly one-third of segment revenues, focusing on modernization, data, and cybersecurity. The firm is executing a $5 million cost action in its risk and compliance practice to realign resources with evolving client needs.
3. Outlook and Corporate Recognition
Management anticipates Q3 growth driven by pent-up demand, low unemployment, and strength in talent solutions. Robert Half was also named one of America's most innovative companies and a Fortune 100 best workplace, underscoring its strong corporate culture.