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ROBERT HALF REPORTS FIRST-QUARTER FINANCIAL RESULTS

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MENLO PARK, Calif., April 23, 2025 /CNW/ — Robert Half Inc. (NYSE: RHI) today reported revenues and earnings for the first quarter ended March 31, 2025.

For the three months ended March 31, 2025, net income was $17 million, or $0.17 per share, on revenues of $1.352 billion. For the three months ended March 31, 2024, net income was $64 million, or $0.61 per share, on revenues of $1.476 billion.

“For the first quarter of 2025, global enterprise revenues were $1.352 billion, down 8 percent from last year’s first quarter on a reported basis, and down 6 percent on an adjusted basis. Business confidence levels moderated during the quarter in response to heightened economic uncertainty over U.S. trade and other policy developments. Client and job seeker caution continues to elongate decision cycles and subdue hiring activity and new project starts,” said M. Keith Waddell, president and chief executive officer at Robert Half. “Despite the uncertain outlook, we are very well-positioned to capitalize on emerging opportunities and support our clients’ talent and consulting needs through the strength of our industry-leading brand, our people, our technology and our unique business model that includes both professional staffing and business consulting services.

“We’d like to thank our employees across the globe for their resilience and unwavering commitment to success. Their efforts have earned us significant recognition already in 2025, including being honored as one of America’s Most Innovative Companies by Fortune and one of America’s Best Large Employers by Forbes. We are particularly proud that high levels of employee engagement again earned both Robert Half and Protiviti recognition as two of Fortune’s 100 Best Companies to Work For,” Waddell concluded.

Robert Half management will conduct a conference call today at 5 p.m. EDT. The prepared remarks for this call are available now in the Investor Center of the Robert Half website (www.roberthalf.com/investor-center). Simply click on the Quarterly Conference Calls link. The dial-in number is 888-394-8218 (+1-323-994-2093 outside the United States and Canada). The confirmation code to access the call is 5634922.

A recording of this call will be available for audio replay beginning at approximately 8 p.m. EDT on April 23 and ending after 12 months. To access the replay, visit https://webcasts.com/RobertHalfQ12025. The conference call also will be archived in audio format on the Company’s website at roberthalf.com.

Robert Half is the world’s first and largest specialized talent solutions and business consulting firm, connecting highly skilled job seekers with rewarding opportunities at great companies. We offer contract talent and permanent placement solutions in the fields of finance and accounting, technology, marketing and creative, legal, and administrative and customer support, and we also provide executive search services. Robert Half is the parent company of Protiviti®, a global consulting firm that delivers internal audit, risk, business and technology consulting solutions. In the past 12 months, Robert Half, including Protiviti, has been named one of the Fortune® World’s Most Admired Companies™ and 100 Best Companies to Work For.

Certain information contained in this press release and its attachments may be deemed forward-looking statements regarding events and financial trends that may affect the future operating results or financial positions of Robert Half Inc. (the “Company”). Forward-looking statements are not guarantees or promises that goals or targets will be met. These statements may be identified by words such as “anticipate,” “potential,” “estimate,” “forecast,” “target,” “project,” “plan,” “intend,” “believe,” “expect,”  “should,” “could,” “would,” “may,” “might,” “will,” or variations or negatives thereof or by similar or comparable words or phrases. In addition, historical, current and forward-looking information about the Company’s corporate responsibility and compliance programs, including targets or goals, may not be considered material for the Securities and Exchange Commission (“SEC”) or other mandatory reporting purposes and may be based on standards for measuring progress that are still developing, on internal controls, diligence or processes that are evolving, on representations reviewed or provided by third parties, and on assumptions that are subject to change in the future. Forward-looking statements are estimates only and are based on management’s current expectations, currently available information and current strategy, plans or forecasts, and involve certain known and unknown risks, uncertainties and assumptions that are difficult to predict, often beyond our control and are inherently uncertain.  Forward-looking statements are subject to risks and uncertainties that could cause actual results and outcomes, or the timing of these results or outcomes, to differ materially from those expressed or implied in the statements.

These risks and uncertainties include, but are not limited to, the following: changes to or new interpretations of United States of America (“U.S.”) or international tax regulations; the global financial and economic situation; changes in levels of unemployment and other economic conditions in the U.S. or foreign countries where the Company does business, or in particular regions or industries; reduction in the supply of candidates for contract employment or the Company’s ability to attract candidates; the development, proliferation and adoption of artificial intelligence (“AI”) by the Company and the third parties it serves; the entry of new competitors into the marketplace or expansion by existing competitors; the ability of the Company to maintain existing client relationships and attract new clients in the context of changing economic or competitive conditions; the impact of competitive pressures, including any change in the demand for the Company’s services, or the Company’s ability to maintain its margins; the possibility of the Company incurring liability for its activities, including the activities of its engagement professionals, or for events impacting its engagement professionals on clients’ premises; the possibility that adverse publicity could impact the Company’s ability to attract and retain clients and candidates; the success of the Company in attracting, training and retaining qualified management personnel and other staff employees; the Company’s ability to comply with governmental regulations affecting personnel services businesses in particular or employer/employee relationships in general; whether there will be ongoing demand for Sarbanes-Oxley or other regulatory compliance services; the Company’s reliance on short-term contracts for a significant percentage of its business; litigation relating to prior or current transactions or activities, including litigation that may be disclosed from time to time in the Company’s SEC filings; the impact of extreme weather conditions on the Company and its candidates and clients; the ability of the Company to manage its international operations and comply with foreign laws and regulations; the impact of fluctuations in foreign currency exchange rates; the possibility that the additional costs the Company will incur as a result of health care or other reform legislation may adversely affect the Company’s profit margins or the demand for the Company’s services; the possibility that the Company’s computer and communications hardware and software systems could be damaged or their service interrupted or that the Company could experience a cybersecurity breach; and the possibility that the Company may fail to maintain adequate financial and management controls, and as a result suffer errors in its financial reporting.

Additionally, with respect to Protiviti, other risks and uncertainties include the fact that future success will depend on its ability to retain employees and attract clients; there can be no assurance that there will be ongoing demand for broad-based consulting, regulatory compliance, technology services, public sector or other high-demand advisory services; failure to produce projected revenues could adversely affect financial results; and there is the possibility of involvement in litigation relating to prior or current transactions or activities.

A summary of additional risks and uncertainties can be found in the Annual Report on Form 10-K for the year ended December 31, 2024, and in the Company’s other filings with the U.S. Securities and Exchange Commission.

Because long-term contracts are not a significant part of the Company’s business, future results cannot be reliably predicted by considering past trends or extrapolating past results. Except as required by law, the Company undertakes no obligation to update information in this report, whether as a result of new information, future events, or otherwise, and notwithstanding any historical practice of doing so.

A copy of this release is available at www.roberthalf.com/investor-center

ATTACHED: 

Summary of Operations

 

Supplemental Financial Information

 

Non-GAAP Financial Measures

 

ROBERT HALF INC.

SUMMARY OF OPERATIONS

(in thousands, except per share amounts)

Three Months Ended
March 31,

2025

2024

(Unaudited)

Service revenues

$  1,351,907

$  1,475,937

Costs of services

852,862

913,140

Gross margin

499,045

562,797

Selling, general and administrative expenses

460,163

521,899

Operating income

38,882

40,898

(Income) loss from investments held in employee deferred compensation trusts (which is
     completely offset by related costs and expenses)

20,171

(43,376)

Interest income, net

(3,572)

(6,413)

Income before income taxes

22,283

90,687

Provision for income taxes

4,933

26,986

Net income

$       17,350

$       63,701

Diluted net income per share

$           0.17

$           0.61

Weighted average shares:

Basic

100,666

103,787

Diluted

101,015

104,399

 

ROBERT HALF INC.

SUPPLEMENTAL FINANCIAL INFORMATION

(in thousands)

Three Months Ended
March 31,

2025

2024

(Unaudited)

SERVICE REVENUES INFORMATION

Contract talent solutions

 Finance and accounting

$    562,933

$    641,970

 Administrative and customer support

165,627

199,932

 Technology

152,542

157,970

 Elimination of intersegment revenues (1)

(117,897)

(112,814)

 Total contract talent solutions

763,205

887,058

Permanent placement talent solutions

112,091

124,767

Protiviti

476,611

464,112

 Total service revenues

$ 1,351,907

$ 1,475,937

(1)

Service revenues for finance and accounting, administrative and customer support, and technology include intersegment revenues, which represent revenues from services provided to the Company’s Protiviti segment in connection with the Company’s blended business solutions. Intersegment revenues for each functional specialization are aggregated and then eliminated as a single line.

 

March 31,

2025

2024

(Unaudited)

SELECTED BALANCE SHEET INFORMATION:

Cash and cash equivalents

$    342,473

$    540,939

Accounts receivable, net

$    786,560

$    861,450

Total assets

$ 2,696,953

$ 2,889,702

Total current liabilities

$ 1,190,356

$ 1,179,540

Total stockholders’ equity

$ 1,313,222

$ 1,519,245

 

Three Months Ended March 31,

2025

2024

(Unaudited)

SELECTED CASH FLOW INFORMATION:

Depreciation

$        13,006

$         13,004

Capitalized cloud computing implementation costs

$          6,160

$           8,391

Capital expenditures

$        12,394

$         11,780

Open market repurchases of common stock (shares)

668

761

ROBERT HALF INC.
NON-GAAP FINANCIAL MEASURES

The financial results of Robert Half Inc. (the “Company”) are prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and the rules of the SEC. To help readers understand the Company’s financial performance, the Company supplements its GAAP financial results with the following non-GAAP measures: adjusted gross margin; adjusted selling, general and administrative expenses; adjusted operating income; and adjusted revenue growth rates.

The following measures: adjusted gross margin, adjusted selling, general and administrative expenses and adjusted operating income, include gains and losses on investments held to fund the Company’s obligations under employee deferred compensation plans. The Company provides these measures because they are used by management to review its operational results.

Adjusted revenue growth rates represent year-over-year revenue growth rates after removing the impacts on reported revenues from the changes in the number of billing days and foreign currency exchange rates. The Company provides this data because it focuses on the Company’s revenue growth rates attributable to operating activities and aids in evaluating revenue trends over time. The impacts from the changes in billing days and foreign currency exchange rates are calculated as follows:

Billing days impact is calculated by dividing each comparative period’s reported revenues by the number of billing days for that period to arrive at a per billing day amount. Same billing day growth rates are then calculated based on the per billing day amounts. Management calculates a global, weighted-average number of billing days for each reporting period based upon inputs from all countries and all functional specializations and segments.Foreign currency impact is calculated by retranslating current period international revenues, using foreign currency exchange rates from the prior year’s comparable period.

The non-GAAP financial measures provided herein may not provide information that is directly comparable to that provided by other companies in the Company’s industry, as other companies may calculate such financial results differently. The Company’s non-GAAP financial measures are not measurements of financial performance under GAAP and should not be considered as alternatives to amounts presented in accordance with GAAP. The Company does not consider these non-GAAP financial measures to be a substitute for, or superior to, the information provided by GAAP financial results. A reconciliation of the non-GAAP financial measures to the most directly comparable GAAP financial measures is provided on the following pages.

ROBERT HALF INC.

NON-GAAP FINANCIAL MEASURES

ADJUSTED GROSS MARGIN (UNAUDITED):

(in thousands)

Three Months Ended March 31,

Relationships

As Reported

As Adjusted

As Reported

As Adjusted

2025

2024

2025

2024

2025

2024

2025

2024

Gross Margin

 Contract talent solutions

$   296,933

$   350,570

$   296,933

$   350,570

38.9 %

39.5 %

38.9 %

39.5 %

 Permanent placement talent solutions

111,861

124,548

111,861

124,548

99.8 %

99.8 %

99.8 %

99.8 %

 Total talent solutions

408,794

475,118

408,794

475,118

46.7 %

47.0 %

46.7 %

47.0 %

 Protiviti

90,251

87,679

86,212

96,036

18.9 %

18.9 %

18.1 %

20.7 %

 Total

$   499,045

$   562,797

$   495,006

$   571,154

36.9 %

38.1 %

36.6 %

38.7 %

The following tables provide reconciliations of the non-GAAP adjusted gross margin to reported gross margin for the three months ended March 31, 2025 and 2024:

Three Months Ended March 31, 2025

Three Months Ended March 31, 2024

Contract talent

solutions

Permanent
placement talent
solutions

Total talent
solutions

Protiviti

Total

Contract talent

solutions

Permanent
placement talent
solutions

Total talent
solutions

Protiviti

Total

$

% of
Revenue

$

% of
Revenue

$

% of
Revenue

$

% of
Revenue

$

% of
Revenue

$

% of
Revenue

$

% of
Revenue

$

% of
Revenue

$

% of
Revenue

$

% of
Revenue

Gross Margin

As Reported

$    296,933

38.9 %

$  111,861

99.8 %

$    408,794

46.7 %

$   90,251

18.9 %

$   499,045

36.9 %

$    350,570

39.5 %

$  124,548

99.8 %

$    475,118

47.0 %

$     87,679

18.9 %

$     562,797

38.1 %

  Adjustments (1)

(4,039)

(0.8 %)

(4,039)

(0.3 %)

8,357

1.8 %

8,357

0.6 %

As Adjusted

$    296,933

38.9 %

$  111,861

99.8 %

$    408,794

46.7 %

$   86,212

18.1 %

$   495,006

36.6 %

$    350,570

39.5 %

$  124,548

99.8 %

$    475,118

47.0 %

$     96,036

20.7 %

$     571,154

38.7 %

(1)

Changes in the Company’s employee deferred compensation plan obligations related to Protiviti operations are included in costs of services, while the related investment (income) loss is presented separately. The non-GAAP financial adjustments shown in the table above are to reclassify investment (income) loss from investments held in employee deferred compensation trusts to the same line item that includes the corresponding change in obligation. These adjustments have no impact on income before income taxes.

 

ROBERT HALF INC.

NON-GAAP FINANCIAL MEASURES

ADJUSTED SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (UNAUDITED):

(in thousands)

Three Months Ended March 31,

Relationships

As Reported

As Adjusted

As Reported

As Adjusted

2025

2024

2025

2024

2025

2024

2025

2024

Selling, General and

  Administrative Expenses

 Contract talent solutions

$   276,212

$   331,588

$   290,242

$   300,452

36.2 %

37.4 %

38.0 %

33.9 %

 Permanent placement talent solutions

106,135

116,576

108,237

112,693

94.7 %

93.4 %

96.6 %

90.3 %

 Total talent solutions

382,347

448,164

398,479

413,145

43.7 %

44.3 %

45.5 %

40.8 %

 Protiviti

77,816

73,735

77,816

73,735

16.3 %

15.9 %

16.3 %

15.9 %

 Total

$   460,163

$   521,899

$   476,295

$   486,880

34.0 %

35.4 %

35.2 %

33.0 %

The following tables provide reconciliations of the non-GAAP adjusted selling, general and administrative expenses to reported selling, general and administrative expenses for the three months ended March 31, 2025 and 2024:

Three Months Ended March 31, 2025

Three Months Ended March 31, 2024

Contract talent

solutions

Permanent
placement talent
solutions

Total talent
solutions

Protiviti

Total

Contract talent

solutions

Permanent
placement talent
solutions

Total talent
solutions

Protiviti

Total

$

% of
Revenue

$

% of
Revenue

$

% of
Revenue

$

% of
Revenue

$

% of
Revenue

$

% of
Revenue

$

% of
Revenue

$

% of
Revenue

$

% of
Revenue

$

% of
Revenue

Selling, General and

  Administrative Expenses

  As Reported

$ 276,212

36.2 %

$   106,135

94.7 %

$  382,347

43.7 %

$     77,816

16.3 %

$   460,163

34.0 %

$ 331,588

37.4 %

$ 116,576

93.4 %

$ 448,164

44.3 %

$     73,735

15.9 %

$   521,899

35.4 %

    Adjustments (1)

14,030

1.8 %

2,102

1.9 %

16,132

1.8 %

16,132

1.2 %

(31,136)

(3.5 %)

(3,883)

(3.1 %)

(35,019)

(3.5 %)

(35,019)

(2.4 %)

  As Adjusted

$ 290,242

38.0 %

$   108,237

96.6 %

$  398,479

45.5 %

$     77,816

16.3 %

$   476,295

35.2 %

$ 300,452

33.9 %

$ 112,693

90.3 %

$ 413,145

40.8 %

$     73,735

15.9 %

$   486,880

33.0 %

(1)

Changes in the Company’s employee deferred compensation plan obligations related to talent solutions operations are included in selling, general and administrative expenses, while the related investment (income) loss is presented separately. The non-GAAP financial adjustments shown in the table above are to reclassify investment (income) loss from investments held in employee deferred compensation trusts to the same line item that includes the corresponding change in obligation. These adjustments have no impact on income before income taxes.

 

ROBERT HALF INC.

NON-GAAP FINANCIAL MEASURES

ADJUSTED OPERATING INCOME (UNAUDITED):

(in thousands)

Three Months Ended March 31,

Relationships

As Reported

As Adjusted

As Reported

As Adjusted

2025

2024

2025

2024

2025

2024

2025

2024

Operating income

 Contract talent solutions

$     20,721

$     18,982

$       6,691

$     50,118

2.7 %

2.1 %

0.9 %

5.6 %

 Permanent placement talent solutions

5,726

7,972

3,624

11,855

5.1 %

6.4 %

3.2 %

9.5 %

 Total talent solutions

26,447

26,954

10,315

61,973

3.0 %

2.7 %

1.2 %

6.1 %

 Protiviti

12,435

13,944

8,396

22,301

2.6 %

3.0 %

1.8 %

4.8 %

 Total

$     38,882

$     40,898

$     18,711

$     84,274

2.9 %

2.8 %

1.4 %

5.7 %

The following tables provide reconciliations of the non-GAAP adjusted operating income to reported operating income for the three months ended March 31, 2025 and 2024:

Three Months Ended March 31, 2025

Three Months Ended March 31, 2024

Contract talent

solutions

Permanent
placement talent
solutions

Total talent
solutions

Protiviti

Total

Contract talent

solutions

Permanent
placement talent
solutions

Total talent
solutions

Protiviti

Total

$

% of
Revenue

$

% of
Revenue

$

% of
Revenue

$

% of
Revenue

$

% of
Revenue

$

% of
Revenue

$

% of
Revenue

$

% of
Revenue

$

% of
Revenue

$

% of
Revenue

Operating income

As Reported

$  20,721

2.7 %

$     5,726

5.1 %

$     26,447

3.0 %

$   12,435

2.6 %

$      38,882

2.9 %

$   18,982

2.1 %

$     7,972

6.4 %

$   26,954

2.7 %

$     13,944

3.0 %

$      40,898

2.8 %

  Adjustments (1)

(14,030)

(1.8 %)

(2,102)

(1.9 %)

(16,132)

(1.8 %)

(4,039)

(0.8 %)

(20,171)

(1.5 %)

31,136

3.5 %

3,883

3.1 %

35,019

3.4 %

8,357

1.8 %

43,376

2.9 %

As Adjusted

$    6,691

0.9 %

$     3,624

3.2 %

$     10,315

1.2 %

$     8,396

1.8 %

$      18,711

1.4 %

$   50,118

5.6 %

$     11,855

9.5 %

$   61,973

6.1 %

$     22,301

4.8 %

$      84,274

5.7 %

(1)

Changes in the Company’s employee deferred compensation plan obligations related to talent solutions operations are included in operating income. The non-GAAP financial adjustments shown in the table above are to reclassify investment (income) loss from investments held in employee deferred compensation trusts to the same line item that includes the corresponding change in obligation. These adjustments have no impact on income before income taxes.

 

ROBERT HALF INC.

NON-GAAP FINANCIAL MEASURES

REVENUE GROWTH RATES (%) (UNAUDITED): 

Year-Over-Year Growth Rates

(As Reported)

Non-GAAP Year-Over-Year Growth Rates

(As Adjusted)

2023

2024

2025

2023

2024

2025

Q4

Q1

Q2

Q3

Q4

Q1

Q4

Q1

Q2

Q3

Q4

Q1

Global

Finance and accounting

-17.2

-17.5

-13.6

-9.2

-9.5

-12.3

-17.8

-17.0

-13.5

-10.5

-9.8

-10.0

Administrative and customer
     support

-18.7

-8.9

-9.8

-9.2

-8.8

-17.2

-19.4

-8.3

-9.8

-10.8

-9.4

-15.2

Technology

-21.7

-18.6

-13.1

-6.1

-3.5

-3.4

-21.8

-17.8

-13.1

-7.6

-4.1

-1.3

Elimination of intersegment
     revenues (1)

-26.6

-10.3

1.4

21.6

18.9

4.5

-27.2

-9.9

1.3

19.4

17.8

6.8

Total contract talent solutions

-17.2

-16.7

-14.5

-11.9

-11.5

-14.0

-17.7

-16.2

-14.4

-13.2

-11.8

-11.8

Permanent placement talent
     solutions

-22.0

-20.4

-12.2

-11.9

-11.1

-10.2

-22.6

-19.8

-12.0

-13.2

-11.4

-7.8

Total talent solutions

-17.8

-17.2

-14.2

-11.9

-11.4

-13.5

-18.3

-16.7

-14.0

-13.2

-11.7

-11.3

Protiviti

-7.1

-6.1

-0.9

6.4

5.3

2.7

-7.5

-5.4

-0.9

4.5

4.5

4.7

Total

-14.7

-14.0

-10.2

-6.3

-6.1

-8.4

-15.2

-13.4

-10.1

-7.7

-6.6

-6.2

United States

Contract talent solutions

-20.5

-19.1

-15.7

-12.4

-10.3

-11.8

-20.3

-18.6

-15.8

-13.7

-11.2

-10.7

Permanent placement talent
     solutions

-22.6

-19.3

-11.5

-9.0

-9.6

-8.5

-22.5

-18.7

-11.7

-10.4

-10.4

-7.3

Total talent solutions

-20.7

-19.1

-15.2

-12.0

-10.2

-11.4

-20.6

-18.6

-15.3

-13.3

-11.1

-10.3

Protiviti

-7.3

-4.8

3.3

9.3

6.6

2.3

-7.2

-4.2

3.1

7.6

5.6

3.6

Total

-16.8

-14.9

-9.6

-5.2

-4.7

-6.9

-16.7

-14.3

-9.7

-6.7

-5.7

-5.7

International

Contract talent solutions

-4.4

-8.4

-10.0

-10.6

-15.2

-20.7

-7.5

-7.5

-9.4

-11.7

-13.9

-16.2

Permanent placement talent
     solutions

-20.6

-23.2

-13.8

-18.6

-14.7

-14.5

-22.8

-22.1

-13.0

-19.8

-13.7

-10.1

Total talent solutions

-7.2

-10.8

-10.7

-11.9

-15.1

-19.8

-10.1

-9.9

-10.0

-13.0

-13.9

-15.3

Protiviti

-6.1

-11.3

-16.2

-5.6

0.2

4.4

-8.9

-10.1

-15.9

-8.1

-0.4

7.9

Total

-6.9

-10.9

-12.2

-10.2

-10.9

-13.6

-9.8

-10.0

-11.6

-11.7

-10.2

-9.4

(1)

Service revenues for finance and accounting, administrative and customer support, and technology include intersegment revenues, which represent revenues from services provided to Protiviti in connection with the Company’s blended business solutions. Intersegment revenues for each functional specialization are aggregated and then eliminated as a single line item.

The non-GAAP financial measures included in the table above adjust for the following items:

Billing Days. The “As Reported” revenue growth rates are based upon reported revenues. Management calculates the billing day impact by dividing each comparative period’s reported revenues by the number of billing days for that period to arrive at a per billing day amount. Same billing day growth rates are then calculated based on the per billing day amounts. Management calculates a global, weighted-average number of billing days for each reporting period based upon input from all countries and all functional specializations and segments.

Foreign Currency Translation. The “As Reported” revenue growth rates are based upon reported revenues, which include the impact of changes in foreign currency exchange rates. The foreign currency impact is calculated by retranslating current period international revenues, using foreign currency exchange rates from the prior year’s comparable period.

The term “As Adjusted” means that the impact of different billing days and constant currency fluctuations are removed from the revenue growth rate calculation. A reconciliation of the non-GAAP year-over-year revenue growth rates to the “As Reported” year-over-year revenue growth rates is included herein, on Pages 10-12.

ROBERT HALF INC.

NON-GAAP FINANCIAL MEASURES

REVENUE GROWTH RATE (%) RECONCILIATION (UNAUDITED):

Year-Over-Year Revenue Growth – GLOBAL

Q4 2023

Q1 2024

Q2 2024

Q3 2024

Q4 2024

 Q1 2025

Finance and accounting

As Reported

-17.2

-17.5

-13.6

-9.2

-9.5

-12.3

Billing Days Impact

0.1

0.7

-0.3

-1.5

-0.8

1.3

Currency Impact

-0.7

-0.2

0.4

0.2

0.5

1.0

As Adjusted

-17.8

-17.0

-13.5

-10.5

-9.8

-10.0

Administrative and customer support

As Reported

-18.7

-8.9

-9.8

-9.2

-8.8

-17.2

Billing Days Impact

0.2

0.8

-0.3

-1.5

-0.8

1.3

Currency Impact

-0.9

-0.2

0.3

-0.1

0.2

0.7

As Adjusted

-19.4

-8.3

-9.8

-10.8

-9.4

-15.2

Technology

As Reported

-21.7

-18.6

-13.1

-6.1

-3.5

-3.4

Billing Days Impact

0.1

0.7

-0.3

-1.5

-0.7

1.4

Currency Impact

-0.2

0.1

0.3

0.0

0.1

0.7

As Adjusted

-21.8

-17.8

-13.1

-7.6

-4.1

-1.3

Elimination of intersegment revenues

As Reported

-26.6

-10.3

1.4

21.6

18.9

4.5

Billing Days Impact

0.1

0.7

-0.3

-1.9

-1.0

1.6

Currency Impact

-0.7

-0.3

0.2

-0.3

-0.1

0.7

As Adjusted

-27.2

-9.9

1.3

19.4

17.8

6.8

Total contract talent solutions

As Reported

-17.2

-16.7

-14.5

-11.9

-11.5

-14.0

Billing Days Impact

0.2

0.6

-0.3

-1.4

-0.7

1.3

Currency Impact

-0.7

-0.1

0.4

0.1

0.4

0.9

As Adjusted

-17.7

-16.2

-14.4

-13.2

-11.8

-11.8

Permanent placement talent solutions

As Reported

-22.0

-20.4

-12.2

-11.9

-11.1

-10.2

Billing Days Impact

0.1

0.7

-0.3

-1.4

-0.7

1.3

Currency Impact

-0.7

-0.1

0.5

0.1

0.4

1.1

As Adjusted

-22.6

-19.8

-12.0

-13.2

-11.4

-7.8

Total talent solutions

As Reported

-17.8

-17.2

-14.2

-11.9

-11.4

-13.5

Billing Days Impact

0.2

0.6

-0.2

-1.4

-0.7

1.2

Currency Impact

-0.7

-0.1

0.4

0.1

0.4

1.0

As Adjusted

-18.3

-16.7

-14.0

-13.2

-11.7

-11.3

Protiviti

As Reported

-7.1

-6.1

-0.9

6.4

5.3

2.7

Billing Days Impact

0.2

0.7

-0.3

-1.7

-0.8

1.5

Currency Impact

-0.6

0.0

0.3

-0.2

0.0

0.5

As Adjusted

-7.5

-5.4

-0.9

4.5

4.5

4.7

Total

As Reported

-14.7

-14.0

-10.2

-6.3

-6.1

-8.4

Billing Days Impact

0.1

0.7

-0.3

-1.4

-0.8

1.4

Currency Impact

-0.6

-0.1

0.4

0.0

0.3

0.8

As Adjusted

-15.2

-13.4

-10.1

-7.7

-6.6

-6.2

 

ROBERT HALF INC.

NON-GAAP FINANCIAL MEASURES

REVENUE GROWTH RATE (%) RECONCILIATION (UNAUDITED):

Year-Over-Year Revenue Growth – UNITED STATES

Q4 2023

Q1 2024

Q2 2024

Q3 2024

Q4 2024

 Q1 2025

Contract talent solutions

As Reported

-20.5

-19.1

-15.7

-12.4

-10.3

-11.8

Billing Days Impact

0.2

0.5

-0.1

-1.3

-0.9

1.1

Currency Impact

As Adjusted

-20.3

-18.6

-15.8

-13.7

-11.2

-10.7

Permanent placement talent solutions

As Reported

-22.6

-19.3

-11.5

-9.0

-9.6

-8.5

Billing Days Impact

0.1

0.6

-0.2

-1.4

-0.8

1.2

Currency Impact

As Adjusted

-22.5

-18.7

-11.7

-10.4

-10.4

-7.3

Total talent solutions

As Reported

-20.7

-19.1

-15.2

-12.0

-10.2

-11.4

Billing Days Impact

0.1

0.5

-0.1

-1.3

-0.9

1.1

Currency Impact

As Adjusted

-20.6

-18.6

-15.3

-13.3

-11.1

-10.3

Protiviti

As Reported

-7.3

-4.8

3.3

9.3

6.6

2.3

Billing Days Impact

0.1

0.6

-0.2

-1.7

-1.0

1.3

Currency Impact

As Adjusted

-7.2

-4.2

3.1

7.6

5.6

3.6

Total

As Reported

-16.8

-14.9

-9.6

-5.2

-4.7

-6.9

Billing Days Impact

0.1

0.6

-0.1

-1.5

-1.0

1.2

Currency Impact

As Adjusted

-16.7

-14.3

-9.7

-6.7

-5.7

-5.7

 

ROBERT HALF INC.

NON-GAAP FINANCIAL MEASURES

REVENUE GROWTH RATE (%) RECONCILIATION (UNAUDITED):

Year-Over-Year Revenue Growth – INTERNATIONAL

Q4 2023

Q1 2024

Q2 2024

Q3 2024

Q4 2024

 Q1 2025

Contract talent solutions

As Reported

-4.4

-8.4

-10.0

-10.6

-15.2

-20.7

Billing Days Impact

0.1

1.5

-1.1

-1.6

-0.4

0.6

Currency Impact

-3.2

-0.6

1.7

0.5

1.7

3.9

As Adjusted

-7.5

-7.5

-9.4

-11.7

-13.9

-16.2

Permanent placement talent solutions

As Reported

-20.6

-23.2

-13.8

-18.6

-14.7

-14.5

Billing Days Impact

0.1

1.3

-1.0

-1.6

-0.4

0.6

Currency Impact

-2.3

-0.2

1.8

0.4

1.4

3.8

As Adjusted

-22.8

-22.1

-13.0

-19.8

-13.7

-10.1

Total talent solutions

As Reported

-7.2

-10.8

-10.7

-11.9

-15.1

-19.8

Billing Days Impact

0.2

1.4

-1.0

-1.6

-0.5

0.6

Currency Impact

-3.1

-0.5

1.7

0.5

1.7

3.9

As Adjusted

-10.1

-9.9

-10.0

-13.0

-13.9

-15.3

Protiviti

As Reported

-6.1

-11.3

-16.2

-5.6

0.2

4.4

Billing Days Impact

0.2

1.4

-1.0

-1.7

-0.4

0.7

Currency Impact

-3.0

-0.2

1.3

-0.8

-0.2

2.8

As Adjusted

-8.9

-10.1

-15.9

-8.1

-0.4

7.9

Total

As Reported

-6.9

-10.9

-12.2

-10.2

-10.9

-13.6

Billing Days Impact

0.1

1.3

-1.0

-1.6

-0.5

0.6

Currency Impact

-3.0

-0.4

1.6

0.1

1.2

3.6

As Adjusted

-9.8

-10.0

-11.6

-11.7

-10.2

-9.4

 

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Bybit and St. Paul American Scholars School Furthers Partnership Commitment in Bybit’s HQ Visit

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DUBAI, UAE, May 3, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, extended a warm welcome to an international delegation from the St. Paul American Scholars (SPAS), a top international school in Korea on Monday. The visit is part of a joint initiative between Bybit and SPAS dedicated to fostering the next generation of blockchain innovators through a series of academic and educational programs.

Ryan Kim, Head of SPAS, and Jinny Kim, Director of SPAS, were greeted by Helen Liu, COO of Bybit at the Bybit headquarters in Dubai. The official visit underscores the institutions’ shared commitment to building the partnership from the ground up, and creating a knowledge base to prepare SPAS students for the future of technology and the blockchain-enabled economy.

In the academic year of 2025/26, Bybit has committed a $100,000 scholarship to 300 SPAS students of St. Paul American Scholars (SPAS). The broader theme of the collaboration centers on collective learning and community sharing, which aligns with SPAS’s philosophy of building a closely knitted community for educators, parents, and students. Bybit will organize interactive educational sessions on campus to fill the knowledge gap between the demands for future-ready skills and traditional academic resources.

The fast moving blockchain landscape is central to a changing world. Parents and students today are increasingly aware of the possibilities and potential challenges of the dawning on-chain economy. The new dynamics will require creators and contributors to be equipped with understanding of blockchain technologies, to develop their passion, and to project their creativity onto positive causes. Through workshops and interactive events, the Bybit and SPAS initiative stands to leave a profound impact on blockchain education for international students in SPAS. 

SPAS representatives boarded the crypto express to the world of digital assets at the Bybit headquarters, sharing unique perspectives as educators and first-hand insights from Liu at the frontier of the digital economy.

“We are proud to welcome the SPAS family to Bybit’s headquarters, and we hope this will become the starting point of SPAS students’ blockchain journey. The value of blockchain education is not only giving students a headstart in understanding the digital economy, but also to inspire them to think about changing the world for the better with a powerful technology that will one day be entirely at their disposal,” said Helen Liu, COO of Bybit.

“It is a great honor for Saint Paul International School to establish a meaningful partnership with Bybit, a global leader in blockchain technology. This visit to Bybit’s headquarters in Dubai was more than just a meeting; it was a precious opportunity to build a foundation of deep mutual trust,” said Ryan Kim, Head of SPAS. “Bybit’s warm-hearted commitment to providing scholarships for Saint Paul International School students and planning continuous social contribution programs deeply moved us all. We firmly believe that, with its sincere vision and values, Bybit will continue to shine as a world-leading company,” he said.

The SPAS delegation toured the Bybit Crypto Ark Experience Store, a new venue at Bybit’s Dubai headquarters that showcases blockchain innovation and provides an open space for crypto collaborations. Since opening, the store has attracted hundreds of visitors, entrepreneurs, and crypto enthusiasts contributing to the regional ecosystem.

Established in 2015, SPAS operates four campuses across Korea’s major metropolitan areas and is recognized as a leading American educational institution with full accreditation from multiple organizations. SPAS also offers international exchange programs through partnerships with schools in New York, Canada, and the UK, providing students with opportunities to experience diverse cultures and global perspectives.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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SOURCE Bybit

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Google Cloud AI Helps Formula E in Groundbreaking ‘Mountain Recharge’ Energy Feat

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GENBETA car completes Monaco E-Prix lap powered solely by regenerative braking after AI-planned mountain descent; the feat was filmed and produced by Red Bull Media House

MONTE CARLO, Monaco and LONDON, May 3, 2025 /PRNewswire/ — In a daring demonstration enabled by Google Cloud’s AI capabilities, Formula E successfully charged its GENBETA prototype race car using only regenerative braking during a 1,000-vertical-meter mountain descent – generating enough energy to complete a full lap of the iconic Circuit de Monaco. Leveraging the Gemini API via Google AI Studio, Formula E planned the optimal “Mountain Recharge” route down a French alpine pass, analyzing data in real time to maximize energy recuperation.

The groundbreaking “Mountain Recharge” project, undertaken in collaboration with Google Cloud, Formula E’s Official Cloud Technology Services Partner and Official Cloud Security Partner, highlights the significant energy efficiency of Formula E vehicles. During races, the competing cars must regenerate approximately 40% of their required energy through braking. 

The challenge involved the GENBETA car descending the Col de Braus mountain road in “free-wheel mode”, starting with only minimal energy for system power-up. Driven by Formula E Test Driver James Rossiter, the car successfully generated the 1.6 to 2.0 kWh needed for the 3.337 km Monaco lap solely through gravity and optimized braking – equivalent to fully charging nearly 60 Google Pixel 9 Pro XL devices. The feat was filmed and produced by Red Bull Media House.

To determine the feasibility and plan the execution of the “Mountain Recharge” Formula E utilized several Google Cloud technologies:

Google AI Studio: The Gemini API via Google AI Studio was used to analyze the complex variables of the descent. The AI model helped identify and analyze optimal braking zones, calculate the impact of speed-to-weight ratios and gravitational forces, and refine driving angles to maximize energy regeneration.BigQuery: Google Cloud’s unified, serverless data to AI platform collected, stored, and analyzed real-time telemetry data transmitted from the car during the descent, providing crucial insights for verification and analysis.Firebase: Google Cloud’s application development platform, Firebase was used to rapidly build and host the intuitive dashboard application that allowed race engineers to visualize real-time car telemetry data from BigQuery on their Chromebooks and Pixel devices.NotebookLM: Google’s AI-powered research and writing assistant, NotebookLM, was used throughout the project lifecycle to consolidate technical specifications, logistical plans, and engineering data, streamlining collaboration between Formula E and Google Cloud teams.

Alex Aidan, VP Marketing, Formula E said: 

“This isn’t just another attention grabbing racing story – it’s a case study in how high-efficiency regeneration and cloud-based AI can revolutionise how we think about mobility, energy optimisation and sustainability. The challenge we faced illustrates the kind of real-world problems Google Cloud’s technology and that of our wider partner group can solve – whether it’s regenerative braking for road cars, dynamic route planning for delivery fleets, or efficient energy management in smart cities. It’s about developing technology that is designed to handle everyday circumstances and engineered to outrun. 

“At Formula E and with the GENBETA project, we’re all about pushing the boundaries of what’s possible and doing things others have never dreamed of. The way our partnership with Google Cloud has rapidly evolved and our longstanding relationship with ABB not only shows the potential for technology to transform racing, but how global brands are bringing their narratives and products to life through impactful collaboration.

Guillaume Roques, Senior Director, EMEA Marketing, Google Cloud said: “Google Cloud thrives on helping partners solve unique challenges with data and AI, and the ‘Mountain Recharge’ project is a fantastic demonstration of how AI can tackle complex, real-world challenges. Using our technologies, we were able to model the intricate physics of the descent and precisely calculate the regeneration potential. This isn’t just about race cars; it’s about how our AI capabilities can help any organization optimize for efficiency and sustainability by turning data into actionable insights.”

For more information you can watch the video here and read more in our blog post here

Supporting Partners:
The GENBETA project and the ‘Mountain Recharge’ were also supported by GENBETA partners ABB, Hankook and SABIC.

About Formula E and the ABB FIA Formula E World Championship: 

As the world’s first all-electric FIA World Championship and the only sport certified net zero carbon since inception, the ABB FIA Formula E World Championship brings dramatic racing to the heart of some of the world’s most iconic cities providing an elite motorsport platform for the world’s leading automotive manufacturers to accelerate electric vehicle innovation. 

The Formula E network of teams, manufacturers, partners, broadcasters, and host cities are united by a passion for the sport and belief in its potential to accelerate sustainable human progress and create a better future for people and planet. 

www.FIAFormulaE.com 

About ABB: 

ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this ‘Engineered to Outrun’. The company has over 140 years of history and more than 105,000 employees worldwide. ABB’s shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB). www.abb.com 

About Google Cloud

Google Cloud is the new way to the cloud, providing AI, infrastructure, developer, data, security, and collaboration tools built for today and tomorrow. Google Cloud offers a powerful, fully integrated and optimized AI stack with its own planet-scale infrastructure, custom-built chips, generative AI models and development platform, as well as AI-powered applications, to help organizations transform. Customers in more than 200 countries and territories turn to Google Cloud as their trusted technology partner.

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SOURCE Google Cloud

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Poets&Quants™ Names Best & Brightest MBAs of 2025

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Annual feature celebrates graduating business students for achievement and influence

SAN FRANCISCO, May 3, 2025 /PRNewswire/ — Poets&Quants, the leading news source for graduate business education, has released its 11th annual Best & Brightest MBAs feature, which honors 100 of the most accomplished full-time MBAs from the Class of 2025.

“This year’s class could be described as more female and more international, with a stronger military presence,” says Jeff Schmitt, Poets&Quants’ senior writer, who launched the series in 2015. “What really distinguished Best & Brightest students this year was that they built things. They launched ventures early in their careers or started clubs or events at their business schools. They weren’t trying to maintain what already existed or follow the usual paths. They were creating something new – and they provided others with enrichment and opportunities as a result.”

This 2025 class features MBA graduates including Wharton School’s Simi Shah, a successful entrepreneur who has been invited to the White House twice and made the 2025 Forbes “30 Under 30” in Media. Mark O’Connell, a graduate of the University of Michigan’s Ross School, helped re-write the U.S. Maines combat training curriculum – and Ohio State’s Kyle Schembechler did the same for the U.S. Field Artillery School. At the University of Virginia’s Darden School, Amanda Golden has transitioned from covering the 2020 presidential election for NBC News to becoming a venture capitalist. By the same token, Evan Rizvi made the leap from opera singer to strategist at Boston University’s Questrom School.

To compile this year’s Best & Brightest MBAs, Poets&Quants reached out to 82 top graduate business schools worldwide to nominate their best candidates for the honor. Responses were judged by P&Q editorial according to four criteria: extracurricular involvement, academic and professional achievements, insightful responses, and faculty recommendations. Ultimately, P&Q received 220 nominations, including submissions from elite institutions ranging from INSEAD to the University of Chicago’s Booth School. By gender, Best & Brightest women outnumber men by a 60-to-40 margin, with 54 students hailing from outside the United States. The Boston Consulting Group also hired 8 Best & Brightest MBAs from the Class of 2025, the most of any employer.

As part of this feature, each MBA receives an in-depth profile, which covers subjects ranging from their proudest achievement to their favorite business movie. Over the coming months, Best & Brightest will also spotlight the best student responses related topics like their favorite faculty members, biggest school myths, and most interesting school traditions. 

The “Best & Brightest MBAs” is the second of a four-part series recognizing the world’s top business students. In April, Poets&Quants For Undergrads unveiled its 100 Best & Brightest Undergraduate Business Majors of 2025. This summer, Poets&Quants will also recognize its “Best & Brightest Executive MBAs” and “Best & Brightest Online MBAs.” In the fall, P&Q will continue its “Meet the Class” series that highlights the top incoming full-time MBA students at over 40 top business schools.

To read about the “100 Best & Brightest MBAs: Class of 2025”, CLICK HERE.

Poets&Quants, a part of Times Higher Education, is the leading resource for complete coverage of graduate business education. We feature multiple tools and authoritative content, including consolidated business school rankings, news and in-depth features, videos, podcasts, searchable directories, and events, empowering our community with information needed to make decisions along their journey from pre- to post-MBA.

Media Contact: Sat Sharma
Chief Revenue Officer
Poets & Quants
(917) 763-4088

This press release was issued through 24-7PressRelease.com. For further information, visit http://www.24-7pressrelease.com.

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