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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Recruit Holdings Achieves $11.99 Billion Revenue in Q2 FY2024 with 5.4% Growth, Notable Increases in Operating Income and EPS
Recruit Holdings Co., Ltd. reported solid Q2 FY2024 financial results, with revenue reaching ¥1.7987 trillion, a 5.4% year-over-year increase. Adjusted EBITDA grew by 11.9% to ¥367.2 billion, while operating income rose 13.4% to ¥269.7 bill
EarningsHireQuest Reports Q3 Growth: Franchise Royalties Increase to $9M, Adjusted Net Income Rises 29%
HireQuest , Inc., a national franchisor of staffing services, reported its Q3 2024 financials, showing slight growth in key revenue streams despite market challenges. Franchise royalties grew by 0.9% to $9.0 million from $8.9 million in the
EarningsUpwork’s Q3 2024 Financial Results: $193.8M Revenue, Record Net Income of $27.8M, and 22% Adjusted EBITDA Margin
Upwork reported strong financial performance in Q3 2024, achieving a 10% year-over-year revenue increase, with GAAP net income reaching a record $27.8 million and adjusted EBITDA at $43.2 million. The company raised its full-year guidance a
EarningsHeidrick & Struggles Q3 Financials: Revenue Up 6% to $278.6M, Strengthening Global Talent Solutions
Heidrick & Struggles reported solid third-quarter 2024 results, with revenue growth across all segments, hitting $278.6 million—a 6% year-over-year increase. Strengthening its leadership in talent solutions, the company achieved an EPS of $
Venture CapitalAtlantic International Acquires Staffing 360: Creating a Leading Human Capital Powerhouse
Atlantic International Corp. and Staffing 360 Solutions, Inc. have entered into a definitive merger agreement aiming to establish a leading company in human capital management, workforce solutions, and outsourced services. With projected co
Venture CapitalFirst Advantage Completes Acquisition of Sterling Check for $2.2 Billion
First Advantage Corporation (NASDAQ: FA) has successfully completed its acquisition of Sterling Check Corp. for $2.2 billion, including assumed debt. This strategic move enhances First Advantage's global presence and product offerings in ba
EarningsInsperity Announces Third Quarter Results
Insperity, Inc. reported its third-quarter 2024 results, showcasing a slight decrease in worksite employees (WSEEs) by 2% year-over-year, with a total of 309,088 WSEEs. Despite this, Q3 net income stood at $3 million with a diluted EPS of $
Company NewsFiverr Q3 2024: Revenue Hits $99.6 Million, Exceeds Expectations
Fiverr International Ltd. announced robust financial results for Q3 2024, highlighting a revenue increase to $99.6 million and a notable rise in adjusted EBITDA. The company outperformed expectations amidst a challenging macro environment,
EarningsTriNet’s Q3 2024 Results: Strong Retention Despite Profit Challenges
TriNet, a leading provider of HR solutions for SMBs, reported its Q3 2024 financial results. Total revenues grew by 1%, reaching $1.2 billion, while net income declined to $45 million from $94 million year-over-year, reflecting increased he
ColumnPaychex, Inc. Reports Solid First Quarter Results
Paychex, Inc. reported solid financial results for the first quarter of fiscal 2025, with a 3% increase in total revenue, reaching $1.3 billion. Adjusted diluted earnings per share rose by 2%, despite challenges such as the expiration of th
Venture CapitalWorkday Signs Definitive Agreement to Acquire Evisort
Workday , a leading enterprise platform for managing human resources and financial data, has announced the acquisition of Evisort , an AI-native document intelligence platform. This acquisition aims to enhance Workday's capabilities in surf
Venture CapitalUK's CloudPay Secures $120M to Revolutionize Global Payroll with AI and Automation
CloudPay , a leading global payroll and payment solutions provider, has secured $120 million in funding led by Blue Owl Capital, with participation from existing investors Rho Capital Partners, The Olayan Group, and Hollyport Capital. This
Company NewsFirst Advantage Posts Solid Q2 2024 Results; Anticipates Sterling Acquisition Closure by Q4
First Advantage Corporation reported second quarter 2024 results, showing revenue of $184.5 million and a net income of $1.9 million, which includes $9.2 million in expenses related to the acquisition of Sterling Check Corp. Adjusted net in
Company NewsUpwork Shatters Financial Records with $22.2M Net Income in Q2 2024
Upwork Inc. (Nasdaq: UPWK), reported its financial results for Q2 2024, showcasing a robust performance with a record GAAP net income of $22.2 million and a 15% year-over-year revenue growth to $193.1 million. The company achieved a dilute
Company NewsPaylocity Announces Fourth Quarter and Full Fiscal Year 2024 Financial Results
Paylocity announced strong financial results for Q4 and FY 2024, with notable increases in revenue and profitability. Q4 2024 saw a 16% rise in total revenue to $357.3 million and a 15% rise in recurring revenue to $324.7 million. For FY 20
Company NewsInsperity Achieves 16% Gross Profit Growth in Q2 2024 Amid Economic Challenges
Insperity , Inc. reported strong financial results for Q2 2024, despite a slight decrease in the average number of worksite employees (WSEEs). Gross profit increased by 16% to $260 million due to strong pricing and lower benefits costs. Net
EarningsADP Reports Fourth Quarter and Fiscal 2024 Results; Provides Fiscal 2025 Outlook
ADP , a global leader in human capital management solutions, reported strong financial results for Q4 and fiscal 2024, with revenues increasing by 7% to $19.2 billion and net earnings rising by 10% to $3.8 billion. The company saw an 11% gr
EarningsTriNet's Q2 2024 Highlights: Revenue Growth, Strong Sales, and Positive Customer Retention
TriNet Group, Inc. reported its financial results for the second quarter of 2024, highlighting a 1% growth in total revenues to $1.2 billion and a 5% increase in professional service revenues to $186 million. The net income per diluted shar
Venture CapitalTokyo's HR Tech Leader SmartHR Secures $140 Million Series E Funding
KKR and Teachers' Venture Growth (TVG) have announced a $140 million Series E investment in SmartHR , a leading cloud-native human resources management platform in Japan. This funding will drive SmartHR's growth, including new solution deve
EarningsFirst Advantage Reports First Quarter 2024 Results
First Advantage Corporation reported its Q1 2024 financial results, showing revenues of $169.4 million and a net loss of $2.9 million due to acquisition-related costs. The company announced an adjusted net income of $24.8 million and adjust
EarningsFiverr Announces $100M Buyback as Q1 Earnings Beat Expectations
Fiverr International Ltd. reported strong Q1 2024 results, with revenue reaching $93.5 million, a 6.3% increase year-over-year, driven by strategic expansion into complex services and SPB growth of 8%. Despite a challenging hiring environme
EarningsDocebo Reports First Quarter 2024 Results
Docebo Inc., a leading AI-based learning platform provider, reported strong financial performance for Q1 2024. The company highlighted significant growth in subscription revenue and profitability, with total revenue reaching $51.4 million,
EarningsHeidrick & Struggles Reports Strong Q1 2024 Earnings, with Strategic Acquisitions Boosting Growth
Heidrick & Struggles International, Inc. reported an 11% year-over-year increase in quarterly revenue, totaling $265.2 million for Q1 2024. The company also declared a quarterly cash dividend of $0.15 per share. Despite the acquisitions of
EarningsADP's Q3 Report: Analyzing the Impact of Strategic Investments and Client Growth
ADP reported a robust fiscal third quarter for 2024 with significant growth across key financial metrics. Revenues rose by 7% to $5.3 billion, driven by solid performance in both Employer Services and PEO Services. Net earnings increased by
EarningsInsperity Q1 2024 Earnings: Strong Performance Despite Economic Slowdown
Insperity, Inc. reported its Q1 2024 financial results, highlighting a 4% increase in gross profit to $345 million, driven by strong pricing and favorable benefits costs, despite a 1% decrease in average worksite employees paid. Net incom
EarningsTriNet Announces First Quarter 2024 Results
TriNet Group, Inc. reported its Q1 2024 financial results, highlighting a modest revenue increase to $1.3 billion and a 4% growth in professional service revenues. Despite challenging economic conditions, the company achieved a net income o
Venture CapitalBarcelona-based Factorial secures $80M of Go-To-Market investment from General Catalyst to accelerate growth
Factorial , a Spanish HR platform, has secured an €80 million investment from U.S. VC firm General Catalyst. This investment, described not as a funding round but as a "go-to-market investment," is uniquely structured as contained debt aime
Company NewsAccenture Appoints Karalee Close as Global Talent & Organization Lead to Help Power Clients’ Reinvention with Technology and Talent
Accenture announces the appointment of Karalee Close as the leader of its Talent & Organization practice and a member of its Global Management Committee. Close brings extensive experience in transformative leadership, combining technology w
Company NewsAlight Announces Agreement to Sell Payroll and Professional Services Business for up to $1.2 Billion
Alight , Inc. announced the sale of its Payroll & Professional Services business to an affiliate of H.I.G. Capital for up to $1.2 billion, aiming to transform into a more focused employee wellbeing and benefits platform. This strategic move
Venture CapitalFirst Advantage to Acquire Background Check Company Sterling for $2.2 Billion in Cash and Stock
First Advantage Corporation has announced a definitive agreement to acquire Sterling Check Corp. for approximately $2.2 billion, inclusive of debt. The merger unites complementary technology and services in employment background screening a
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