This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Kforce's CEO Discusses Q1 2011 Results - Earnings Call Transcript

We also benefit from the strength of our diversified revenue footprint, which is concentrated in some of the highest demand areas in today's knowledge-based economy. While the overall BLS unemployment numbers remains relatively high, college-educated unemployment was just 4.4% in March. Talent shortages are particularly severe in Tech, which is project driven by nature and constitutes over half our revenues.

The operating model we have built is working well and positions us to capture revenue and drive additional EBIT across all customer segments. Our customer mix is evenly distributed among large, medium and small customers. Each of which, we are able to service as a result of this flexible model. Our gross margin profile is already one of the most attractive in the industry, but the capability of the cost effectively meet customer needs for speed and quality, allows us to drive EBIT both through increased margins and through operating efficiencies and flexible compensation structures.

Our operational objectives for 2011 are to further penetrate and accelerate growth at existing Strategic Accounts, compete for additional customer share and selectively target new accounts where our service offerings and business model add value to our clients.

We also expect to continue to improve profitability through the leverage that exists on our highly advanced operating platform and by further revolving the NRC, which allows us to profitably serve certain clients and niches that would not be possible under a traditional staffing model.

As we consider our success in meeting our financial and operational objectives, I note that in the first quarter, the firm was able to grow total revenue year-over-year by 15.8% to $262.4 million and increased net income by 78.7% to $4.8 million.

These gains were driven primarily by the success in our core technology and financing accounting business, which collectively constitute 75% of total revenues and grew first quarter year-over-year 19.6% and 34.1% respectively. Both of these businesses benefit from the continuing maturation of our cost effective and highly flexible national recruiting center, coupled with our Strategic Accounts strategy, as well as our highly tenured workforce.

Read the rest of this transcript for free on

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.24 1.30%
FB $99.75 -4.15%
GOOG $683.10 -0.07%
TSLA $147.99 -8.99%
YHOO $27.05 -3.30%


Chart of I:DJI
DOW 16,027.05 -177.92 -1.10%
S&P 500 1,853.44 -26.61 -1.42%
NASDAQ 4,283.7530 -79.3910 -1.82%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs