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Kforce Inc. (KFRC) is a leading professional staffing services firm specializing in technology and finance & accounting sectors. With a national network of 60 offices, two national recruiting centers, and over 2,000 staffing specialists, Kforce connects more than 23,000 highly skilled professionals annually with over 4,000 clients, including 70% of the Fortune 100 companies. Kforce operates through two primary business segments:
- Technology Segment: Offers talent solutions in areas such as systems/applications architecture, data management and analytics, business intelligence, artificial intelligence, machine learning, project and program management, and network architecture and security.
- Finance & Accounting (FA) Segment: Provides consultants for traditional finance and accounting roles including finance planning and analysis, business intelligence analysis, general accounting, transactional accounting, business and cost analysis, taxation, and treasury.
Kforce's name, Knowledgeforce®, reflects the combination of the highly skilled professionals they represent and the extensive knowledge gained from over 50 years of industry experience. The company prides itself on making the right match for its clients and achieves this through a focus on quality and efficiency.
The company's financial condition remains robust, with a clean balance sheet and strong cash flows that provide flexibility for strategic investments and significant capital returns to shareholders. Despite the uncertain economic environment, Kforce is well-positioned to benefit from a backlog of desirable investments that its clients are eager to prioritize once macroeconomic uncertainties begin to clear.
Kforce's recent achievements include participation in high-profile industry events such as the 8th Annual Wells Fargo FinTech, Information & Business Services Forum and the Northcoast Research Fall Forum. These engagements highlight Kforce's commitment to staying at the forefront of industry developments and trends.
Joseph J. Liberatore, President and CEO, emphasizes the firm's focus on organic growth and strategic investments, aiming to drive long-term growth and achieve double-digit operating margins. The firm continues to operate efficiently, aligning its structural costs with current revenue levels while prioritizing key strategic initiatives. Kforce remains dedicated to its vision of being “the firm most respected by those we serve.”
For more information, visit www.kforce.com, or connect with Kforce on LinkedIn, Facebook, and Twitter.
Kforce Inc. reported a first quarter 2024 revenue of $351.9 million and an EPS of $0.58. Despite a decrease in revenue compared to the previous year, the company remains optimistic about future market conditions and the role of technology in business. The gross profit margin decreased, operating margins were down, and diluted earnings per share saw a significant decline. The company returned $9.1 million to shareholders and announced a cash dividend for the second quarter of 2024.
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