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Kelly Services, Inc., also known as Kelly, is a global specialty talent solutions provider offering workforce solutions and consulting services. With operations in various sectors like financial services, IT, law, and more, the company is divided into five segments, including Professional & Industrial, Science, Engineering & Technology, Education, Outsourcing & Consulting, and International. Kelly recently acquired Motion Recruitment Partners, LLC, expanding its market-leading solutions portfolio and enhancing its focus on higher-margin, higher-growth specialty outcome-based and staffing services. The acquisition is part of Kelly's strategy to pursue inorganic investments, unlock significant capital, and optimize its operating model, aligning with its goal to provide top-quality talent solutions.
On July 12, 2021, Kelly announced the appointment of Darren Simons as Chief Digital Officer. He will lead the company’s digitization initiatives and focus on developing tech-enabled solutions to transform business processes. Reporting to CEO Peter Quigley, Simons brings over 25 years of experience from industry leaders like Manpower and Allegis. His role aligns with Kelly's strategy to enhance digital capabilities in response to accelerated digital adoption due to the pandemic, aiming to better address workforce demands.
Kelly (Nasdaq: KELYA, KELYB) announced its participation in the Sidoti Virtual Investor Conference on June 24, 2021. Key executives, including CEO Peter Quigley and CFO Olivier Thirot, will discuss the company's strategy and performance. The presentation starts at 8:30 a.m. ET and will be accessible on the company's website. Kelly, a leader in talent solutions, directly employs approximately 370,000 people globally and generated $4.5 billion in revenue in 2020, connecting skilled workers with employers across various sectors.
Kelly, a leading talent solutions provider (Nasdaq: KELYA, KELYB), will participate in the Barrington Research Virtual Spring Investment Conference on May 27, 2021. Key executives, including Peter Quigley, Olivier Thirot, and James Polehna, will engage in virtual meetings. The company had a revenue of $4.5 billion in 2020 and employs nearly 370,000 globally.
Kelly Services has launched a new technology brand, Kelly Helix, along with the Helix UX platform aimed at enhancing the Managed Service Provider (MSP) experience. This AI-driven portal offers a unified access point for clients to manage gig workers and track inquiries efficiently. It integrates seamlessly with existing technologies and is customizable to client needs. Kelly's investments in technology, especially in automation and AI, are poised to usher in an era of Intelligent Staffing, optimizing workforce strategies and improving talent management.
Kelly (Nasdaq: KELYA, KELYB) reported Q1 2021 revenue of $1.2 billion, reflecting a 4.4% decline year-over-year, with a 5.5% decrease in constant currency. Operating earnings reached $10.6 million, a significant recovery from a $111.8 million loss in Q1 2020, which included a goodwill impairment charge. Earnings per share for Q1 2021 stood at $0.64, boosted by a non-cash gain from Persol Holdings investment. The company highlighted strong demand across various segments and plans for further growth through M&A activities, noting that current demand exceeds pre-pandemic levels.
Kelly has been ranked No. 2 in Forbes' list of America’s Best Professional Recruiting and Temporary Staffing Firms, an accolade announced on May 6, 2021. This recognition follows a survey involving over 31,000 recruiters and 7,200 job candidates. Kelly has also been noted for its commitment to diversity and remote work, earning a perfect score in the Human Rights Campaign Foundation’s 2021 Corporate Equality Index. Celebrating its 75th anniversary, Kelly's transition to a specialty talent solutions company has led to significant growth across its five business units.
Kelly (Nasdaq: KELYA, KELYB) will announce its first quarter earnings on May 13, 2021, before market opening. An earnings presentation will be accessible on the Investor Relations page of its website, along with a conference call at 9 a.m. ET. Access to the call can be made via the website or telephone, and a recording will be available post-call. Kelly Services, a leader in talent solutions, employed nearly 370,000 people in 2020 and generated $4.5 billion in revenue.
Kelly Services has acquired Softworld, a technology staffing firm, to enhance its specialization strategy and unlock growth opportunities. Softworld, generating over $100 million in revenue in 2020, will continue operating under its brand. This acquisition aims to expand Kelly's capabilities in fast-growing, high-margin specialties, particularly in IT staffing, projected to reach $31.7 billion in 2021. The merger is expected to harness Softworld's expertise in specialized technology roles to meet increasing demand driven by digital transformation.
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