Kforce Inc. (NASDAQ: KFRC) reported stronger-than-expected growth in consultant assignments during the fourth quarter. The Tampa, Florida-based professional staffing firm — which had earlier forecast revenue of up to $347 million for the fourth quarter — said it now expects revenue to exceed that top level.
“Our belief is that the secular drivers of demand in the technology staffing and solutions markets have only strengthened as a result of the impact of the pandemic,” Chairman and CEO David Dunkel said. “As to our results for the fourth quarter, our technology business grew nearly 6% sequentially, per billing day, and resumed growth on a year-over-year basis of nearly 1%.”
Kforce President Joseph Liberatore said the company’s technology temporary staffing and finance/accounting temporary staffing business lines have seen an increase in consultant assignment growth since the pandemic low last June.
“Our focused business model in these two high-margin businesses continues to create additional operating leverage, which also drove higher than expected earnings per share,” Liberatore said.