Robert Half Inc Stock Price, News & Analysis

Robert Half International Inc. (NYSE: RHI) reported Q4 2020 revenues of $1.304 billion and net income of $94 million, down from $1.537 billion and $113 million respectively in Q4 2019. For the full year 2020, revenues totaled $5.109 billion and net income was $306 million, a decrease from $6.074 billion and $454 million in 2019. CEO M. Keith Waddell noted strong performance in Protiviti, marking 13 consecutive quarters of revenue growth, particularly in technology consulting. The company achieved a return on invested capital of 31% in Q4.

Robert Half International Inc. (NYSE: RHI) will release its fourth-quarter 2020 earnings on January 28 at 4:15 p.m. EST. Management will host a conference call at 5 p.m. EST on the same day. The call can be accessed at 877-814-0475 within the US. A taped recording will be available for replay from 8 p.m. EST on January 28 to February 27, 2021. Robert Half is the world's largest specialized staffing firm, operating in over 400 locations worldwide.

According to a new study by Robert Half, 51% of professionals would consider relocating if offered long-term remote work. Additionally, 4% have already moved. HR managers report that 50% of companies allow temporary relocation, while 38% support permanent moves. Reasons for relocation include a change of scenery (37%) and lower living costs (22%), though 75% of workers are unwilling to accept pay cuts. Companies are reassessing salary structures based on office locations. The rise of remote work is prompting a shift in hiring practices and investments in technology and employee well-being.

Protiviti has promoted 30 directors to managing director and 4 to senior director, enhancing its leadership across various solution groups such as Internal Audit, Risk and Compliance, Technology Consulting, and Business Performance Improvement. In total, over 1,000 employees received promotions, reflecting the firm’s commitment to career advancement amid challenging conditions. Protiviti serves more than 60% of Fortune 1000 companies and is a subsidiary of Robert Half (RHI), a member of the S&P 500 index, reinforcing its market position.

On December 21, 2020, Protiviti announced its acquisition of Identropy, a security consulting firm specializing in identity and access management (IAM) services. This strategic move enhances Protiviti’s capabilities in combating data breaches and providing innovative IAM solutions to clients. Identropy, with a team of over 40 experts, brings a strong reputation and expertise in advisory, implementation, and managed services. Both companies share a commitment to strong company culture and innovation, positioning them to better address the cybersecurity needs of clients across various industries.

A recent survey by Protiviti and ISACA highlights critical IT audit risks amidst the evolving business landscape. With over 7,400 IT audit leaders participating, concerns regarding security, privacy, and cloud resilience are predominant as organizations navigate remote work challenges. Notably, only 33% of respondents classify themselves as digital leaders and 39% are not assessing technology risks efficiently. The top risks identified include cyber breaches, confidentiality, and regulatory compliance. The report emphasizes the need for organizations to adopt more dynamic risk assessment approaches for effective internal audits.