RHI Completes Holiday Program
Considering the holiday season, the world’s largest provider of skilled professionals Robert Half International, Inc. (RHI) distributed more than 14,000 toys and games, food and household items across North America through its annual holiday drive program. Robert Half has been running this program since 2006 and has provided more than 70,000 toys and other items to local Boys & Girls Clubs and other agencies, since then.
Besides being socially active, Robert Half has witnessed strong demand for specialized staffing and consulting services, particularly in the U.S. In order to meet this demand, Robert Half’s subsidiary Protiviti recently announced its decision to purchase the assets of privately-held SusQtech Inc. to provide its key clients with software consulting services.
By combining SusQtech’s consulting services, Protiviti is expected to boost its Microsoft technology-based services. Further, SusQtech’s customer support services will help Protiviti to expand its IT consulting portfolio, which provides a wide range of software services.
We believe that the demand for the company’s services, in particular its staffing services, is highly dependent on the state of the economy and the staffing needs of the company’s clients. A gradual improvement in economic conditions and in job markets in the U.S. has led to the rise in the demand for the company’s specialized staffing and consulting services. Moreover, the company is expected to benefit from higher demand for financial services professionals post the financial crisis.
We currently have a Neutral recommendation on the stock. Robert Half, along with its peer Manpower, Inc. (MAN) carries a Zacks #3 Rank (a short-term Hold rating).
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