Manpowergroup Stock Price, News & Analysis

UiPath, Inc. (NYSE: PATH) reported third-quarter fiscal 2023 results with a 36% year-over-year growth in Annual Recurring Revenue (ARR), reaching $1.110 billion, and net new ARR of $67 million. Revenue increased 19% year-over-year to $262.7 million. The company achieved a 126% dollar-based net retention rate, but reported a GAAP operating loss of $(67 million). For Q4 2023, UiPath anticipates revenue between $277 million and $279 million and ARR of $1,174 million to $1,176 million.

The ManpowerGroup's 2022 Total Workforce Index™ ranks the U.S., Singapore, and Canada as the top markets for talent acquisition, analyzing over 200 factors including workforce availability, regulatory environments, and productivity. The report highlights that 75% of companies face talent shortages, marking a 16-year high. New factors introduced include cost of living indices and wage inflation rates. The report emphasizes the need for companies to adapt to a digital economy by becoming employers of choice and focusing on younger talent pools to navigate the competitive job landscape.

ManpowerGroup has launched a national Registered Apprenticeship Program for Cybersecurity Analysts, addressing the significant national cyber talent shortage. This initiative, part of a White House-sponsored project, will be managed by Experis, ManpowerGroup's IT brand. The program allows apprentices to learn at their own pace while earning recognized credentials. With a proven success rate, companies using apprenticeships report an average $1.47 return on every $1 invested. This move aims to enhance the workforce's skills amid escalating cybersecurity demands.

ManpowerGroup (NYSE: MAN) has elected Muriel Pénicaud to its Board of Directors, effective December 12, 2022. Pénicaud, former French Ambassador to the OECD and Minister of Labor, brings extensive knowledge of global labor markets and leadership experience in the consumer goods sector. Her roles include CEO of Business France and Senior Executive VP of Danone, focusing on HR. Pénicaud’s appointment aims to strengthen the company’s commitment to sustainability, inclusivity, and workforce development, aligning with its global strategy to deliver stakeholder value.

The Board of Directors of ManpowerGroup (NYSE: MAN) has declared a semi-annual dividend of $1.36 per share. This dividend is payable on December 15, 2022, to shareholders of record as of the close of business on December 1, 2022. ManpowerGroup, a leader in global workforce solutions, continues to demonstrate commitment to its shareholders through consistent dividend payments. The company has been recognized for its ethical practices and diversity initiatives, further enhancing its reputation in the workforce industry.

ManpowerGroup reported third-quarter revenues of $4.8 billion, reflecting a 7% decline year-over-year but a 5% increase on a constant currency basis. Net earnings rose to $2.13 per diluted share, up from $1.77 in the prior year. The gross profit margin improved to 18.3%, driven by a stronger performance in the Experis and Talent Solutions brands. The company repurchased $85 million in stock and eliminated $50 million in debt. Despite a challenging environment, ManpowerGroup anticipates earnings per share between $2.11 and $2.19 for Q4.

Experis, part of ManpowerGroup (NYSE: MAN), has partnered with Cisco (NASDAQ: CSCO) to provide IT training globally for various learners, aiming to support those transitioning into IT roles. Amid a talent shortage where over 75% of IT employers struggle to fill positions, this initiative seeks to train and place over 1,000 individuals in IT jobs within the first year. Courses will cover essential areas like Cybersecurity and Programming. The collaboration features the Experis MITEY Matcher, an AI job platform to help users connect their new skills with employment opportunities.

On Oct. 13, 2022, Jefferson Wells released its 2022 CFO Priorities Survey, revealing the top concerns of over 200 CFOs in the U.S. The survey indicated that digitization, talent retention, and cybersecurity are key priorities. Notably, 35% of CFOs ranked cybersecurity as their primary concern, with 60% actively involved in their company's cyber risk strategies. The survey also highlighted that 57% of CFOs anticipate a hybrid workforce and face challenges in maintaining corporate culture and team communication.