Robert Half's (RHI) Protiviti Expands Operations In Europe
Zacks Investment Research | Mar 05, 2020 09:31PM ET
Robert Half International Inc.’s (NYSE:RHI) wholly owned subsidiary, Protiviti, yesterday announced opening of three offices each in Zurich, Switzerland and, Berlin and Dusseldorf, Germany.
Country market leader for Switzerland, Dr. Milena Danielsen leads the Zurich office. Offices in Berlin and Dusseldorf are led by country market leaders for Germany, Boris Walther and Alix Weikhard.
The move is part of Robert Half’s global expansion effort. It is aimed at catering to local clients as well as the global ones operating in those regions. Protiviti already has offices in Germany, in Munich and Frankfurt.
"We're committed to expanding our resources in the region to ensure we can continue providing the expertise and insights our growing number of clients need to be compliant, stay ahead of business disruption, transform and face other complex issues in today's marketplace with confidence," said Andrew Clinton, executive vice president of international operations, Protiviti.
Protiviti in Good Shape
Notably, Protiviti offers risk consulting, internal audit and information technology consulting services and is currently in great shape. It is a double-digit margin and revenue performer.
Protiviti revenues of $304.7 million increased 15.7% year over year in the fourth quarter of 2019, with international revenues rising 10.4%. Gross margin improved 20 basis points to 30.4%
We observe that shares of Robert Half have declined 27.5% over the past year, against the 11.6% rally of the Zacks S&P 500 composite.
Zacks Rank and Stocks to Consider
Robert Half currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Zacks Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.