Robert Half doubles revenues to $6.1 billion in past decade
Robert Half, a global staffing company and consulting firm, has doubled its revenues in the past decade.
With close to 19,000 employees, Robert Half is one of the globe’s largest providers of human capital services, including permanent and temporary staffing, executive search and consulting services. The US-headquartered company was founded in 1948 and today has over 400 offices worldwide.
Analysis of the company’s annual reports for the past ten years by Consultancy.org shows that Robert Half is on a steep growth trajectory. Ten years ago, in the year after the outbreak of the global financial crisis, the firm generated $3 billion in revenues. Fast forward to last year's financial results, and that number has doubled to a record $6.1 billion.
Commenting on the firm’s run of good results, Keith Waddell, Chief Executive Officer of Robert Half said, “We are seeing solid demand for our professional staffing and consulting services, largely due to ongoing talent shortages in the market.”
Alongside a growing revenue stream, Robert Half boasts strong financials. The firm has no short or long-term debt, and while its capital leases amount to around $270 million, the company has a roughly similar amount in cash and cash equivalents. The public listed company has consistently increased its dividends for the past 16 years, and has delivered a close to 10x earnings per share growth in the last decade to its shareholders.
Protiviti
The consulting division of Robert Half, Protiviti, is part of the group since 2002, when it acquired a team of approximately 700 professionals from Arthur Andersen. Since then, Protiviti has grown to roughly 5,000 staff. The consultancy, headquartered in San Francisco and led by CEO Joseph Tarantino, specializes in internal audit, business and technology risk, finance consulting and digital transformation.
While Robert Half does not disclose financial figures of Protiviti, analysis of its annual reports reveals that around 17% of its group revenue is earned through consulting services, meaning that Protiviti now generates to the tune of $1 billion in revenues. "We are particularly pleased with how Protiviti performed during the past year,” stated Waddell.
According to Fortune Magazine, Protiviti is one of the 100 Best Companies to Work For (the firm made the list for six consecutive years from 2015 to 2020) and according to Consultancy.org’s database of analyst recognitions, Protiviti is one of the world’s leading consulting firms in the finance and risk & compliance landscape.
