Currency exchange rates reduced first quarter 2012 sequential revenues by $1 million and first quarter year-over-year revenues by $6 million. This had the effect of reducing first quarter 2012 sequential growth rates by 0.1% and year-over-year growth rates by 0.8%. Beginning this quarter, we've added a new supplemental schedule to the investor center of our website at rhi.com. It shows the year-over-year revenue growth rates for each of our staffing lines of business on both a reported basis and also a same-day constant currency basis. It further splits the data between U.S. and non-U.S. operations. This information is presented for each of the quarters, beginning with the first quarter of 2011. We provided this data because we believe that better reflects our actual growth rate and aids in the evaluation of revenue trends over time. This data is considered to be a non-GAAP financial measure.Additional information, including a reconciliation of these growth rates to reported growth rates also is available on our website. On a same-day constant currency basis, global staffing revenues grew 16% year-over-year compared to the first quarter of 2011, with the U.S. growing 20% and international locations growing 9% on this basis. U.S. staffing revenues were $652 million in the first quarter of this year, while International Staffing revenues for the quarter were $260 million. We have 353 staffing locations worldwide, including 104 locations in 19 countries outside the U.S.
Robert Half International's CEO Discusses Q1 2012 Results - Earnings Call Transcript
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