Revenues rise at Kelly Services

International recruitment giant Kelly Services has seen revenues rise in its results for the first quarter of the year. 

International recruitment giant Kelly Services has seen revenues rise in its results for the first quarter of the year. 

Revenues have risen by 19% on the same quarter last year to $1.3bn (£79m).

Earnings from operations for the first quarter of 2011 was $1.6bn (£97m), compared to losses from operations of $1.6m reported for the first quarter of 2010. Included in the results from operations are restructuring charges of $4m (£2.44m) in the first quarter of 2011 and $4.4m (£2.68m) the first quarter of 2010. Excluding restructuring charges, earnings from operations were $5.6m (£3.4m) in Q1 2011 and $2.8m (£1.7m) in Q1 2010.

Carl T Camden, president and chief executive, says: “We continue to see evidence of a solid, sustainable economic recovery. Kelly’s revenue growth for the period certainly confirms that we are on track for a profitable year.

“Until full confidence is restored, and employers remain cautious about ramping up too aggressively, this environment seems to favour the staffing industry – and we intend to capitalise on the opportunities presented.”

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