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ROBERT HALF INTERNATIONAL REPORTS 187-PERCENT INCREASE IN FIRST-QUARTER EARNINGS

 MENLO PARK, Calif., April 23 /PRNewswire/ -- Robert Half International Inc. (NYSE: RHI) today reported revenues and earnings for the first quarter ended March 31, 1993.
 For the first quarter ended March 31, 1993, net income was $2,387,000, or 20 cents per share, on revenues of $69,573,000. Net income for the prior year's first quarter was $831,000, or 7 cents per share, on revenues of $52,688,000.
 Harold M. Messmer Jr., chairman and chief executive officer of the company, said, "The strong revenue and earnings comparisons for the first quarter reflect significant improvement in the demand for the company's specialized accounting personnel services. Accountemps(R) division revenues were at record levels and Robert Half(R) division revenues showed positive growth over the prior year. During the quarter, the company also benefited from continued containment of selling, general and administrative expenses as well as lower interest costs."
 Messmer added that results from the company's OfficeTeam(R) division, which provides general office and administrative personnel, are very encouraging. The company plans to continue expansion of this service, which was established in 1991.
 Founded in 1948, Robert Half International Inc. provides specialized staffing services through its Accountemps, Robert Half and OfficeTeam divisions. Accountemps and Robert Half are the world's leading temporary and permanent placement services, respectively, for the fields of accounting, finance and information systems, and OfficeTeam specializes in general office and administrative professionals. The company has more than 150 offices worldwide.
 ROBERT HALF INTERNATIONAL INC. AND SUBSIDIARIES
 SUMMARY OF OPERATIONS
 (Unaudited, in thousands, except per-share amounts)
 Quarter ended
 March 31,
 1993 1992
 Net service revenues $69,573 $52,688
 Direct costs of services 42,266 30,913
 Gross margin 27,307 21,775
 Selling, general and
 administrative expenses 20,872 17,834
 Amortization of intangibles 1,037 986
 Interest expense 1,002 1,221
 Income before taxes 4,396 1,734
 Provision for income taxes 2,009 903
 Net income $2,387 $ 831
 Income per share $ 0.20 $ 0.07
 Average shares and
 share equivalents 12,203 $11,933
 -0- 4/23/93
 /CONTACT: Harold M. Messmer Jr., chairman and chief executive officer of Robert Half International, 415-854-9700/
 (RHI)


CO: Robert Half International Inc. ST: California IN: SU: ERN

LH-GT -- SJ001 -- 9879 04/23/93 08:02 EDT
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Publication:PR Newswire
Date:Apr 23, 1993
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