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Robert Half International Inc. Reports Revenues and Earnings for the Second Quarter of 2009
Tuesday, July 21, 2009 4:57 PM


(Source: Canada Newswire)trackingMENLO PARK, Calif., July 21 /CNW/ -- Robert Half International Inc. (NYSE: RHI) today reported revenues and earnings for the second quarter ended June 30, 2009.

For the quarter ended June 30, 2009, net income was $5.4 million or $.03 per share, on revenues of $749.9 million. Net income for the prior year's second quarter was $74.6 million or $.47 per share, on revenues of $1.22 billion.

For the six months ended June 30, 2009, net income was $14.2 million or $.09 per share, on revenues of $1.57 billion. For the six months ended June 30, 2008, net income was $145.4 million or $.91 per share, on revenues of $2.45 billion.

"The labor markets remained weak during the second quarter, with the U.S. unemployment rate reaching a 26-year high of 9.5 percent in June," said Harold M. Messmer, Jr., chairman and CEO of Robert Half International. "While we continued to see year-over-year and sequential revenue declines, we were encouraged that the sequential declines were significantly less than those reported in the previous quarters."

He added, "Our field offices have continued to do an excellent job of managing costs and have been opportunistic in capturing new business. We remain in solid financial condition with essentially no debt."

Robert Half International management will conduct a conference call today at 5 p.m. EDT following the release. The dial-in number is 800-862-9098 (+1-785-424-1051 outside the United States) and the passcode is "Robert Half International." A taped recording of this call will be available for replay beginning at approximately 8 p.m. EDT today and ending at 8 p.m. EDT on July 28. The dial-in number for the replay is 800-839-5244 (+1-402-220-2699 outside the United States). The conference call also will be archived in audio format on the company's website at www.rhi.com.

Founded in 1948, Robert Half International Inc. is the world's first and largest specialized staffing firm. It also is the parent company of Protiviti , a global business consulting and internal audit firm composed of experts specializing in risk, advisory and transaction services. Robert Half's specialized staffing divisions include Accountemps , Robert Half Finance & Accounting and Robert Half Management Resources, for temporary, full-time and project professionals, respectively, in the fields of accounting and finance; OfficeTeam , for highly skilled temporary administrative support personnel; Robert Half Technology, for information technology professionals; Robert Half Legal, for legal personnel; and The Creative Group , for advertising, marketing and web design professionals.

Robert Half International has staffing and consulting operations in more than 400 locations worldwide.

Certain information contained in this press release may be deemed forward-looking statements regarding events and financial trends that may affect the company's future operating results or financial positions. These statements may be identified by words such as "estimate", "forecast", "project", "plan", "intend", "believe", "expect", "anticipate", or variations or negatives thereof, or by similar or comparable words or phrases. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the statements.




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