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ROBERT HALF INTERNATIONAL REPORTS SECOND QUARTER EARNINGS INCREASE

ROBERT HALF INTERNATIONAL REPORTS SECOND QUARTER EARNINGS INCREASE
 MENLO PARK, Calif., July 27 /PRNewswire/ -- Robert Half International Inc. (NYSE: RHI) today reported revenues and earnings for the second quarter and six months ended June 30, 1992.
 For the second quarter ended June 30, 1992, net income was $1,128,000, or $.09 per share, on revenues of $53,411,000. Net income for the prior year's second quarter was $912,000, or $.08 per share, on revenues of $51,414,000.
 For the six months ended June 30, 1992, net income was $1,959,000, or $.16 per share, on revenues of $106,099,000. For the six months ended June 30, 1991, net income was $2,190,000, or $.19 per share, on revenues of $107,751,000.
 Harold M. Messmer, Jr., chairman and chief executive officer of the company, stated: "The positive revenue and earnings comparisons for the second quarter reflect continued improvement in the demand for the company's specialized accounting personnel services coupled with the benefit of lower selling, general and administrative expenses as well as lower interest costs. Cash flow remains strong, enabling the company to repay an additional $3.5 million of its indebtedness during the quarter."
 Robert Half International is the world's first and largest personnel services firm specializing in the placement of accounting, financial, information systems and banking personnel. The company places temporary employees through its Accountemps(R) division and permanent employees through its Robert Half(R) division. These services are offered through more than 150 offices located in the United States, Canada, the United Kingdom, Belgium and France.
 ROBERT HALF INTERNATIONAL AND SUBSIDIARIES
 Summary of Operations
 (in thousands, except per share amounts)
 (Unaudited)
 Quarter Six Months
 Ended June 30, Ended June 30,
 1992 1991 1992 1991
 Net service revenues $53,411 $51,414 $106,099 $107,751
 Direct costs of
 services 31,517 28,288 62,366 59,028
 Gross Margin 21,894 23,126 43,733 48,723
 Selling, general &
 administrative
 expenses 17,627 18,625 35,525 38,989
 Amortization of
 intangibles 989 972 1,975 1,930
 Interest expense 1,110 1,669 2,331 3,525
 Income before income
 taxes 2,168 1,860 3,902 4,279
 Provision for income
 taxes 1,040 948 1,943 2,089
 Net income $ 1,128 $ 912 $ 1,959 $ 2,190
 Income per share $ .09 $ .08 $ .16 $ .19
 Average shares and
 share equivalents 11,959 11,651 11,930 11,519
 -0- 7/27/92
 /CONTACT: Harold M. Messmer, Jr. of Robert Half International, 415-854-9700/
 (RHI) CO: Robert Half International Inc. ST: California IN: SU: ERN


MM -- SJ004 -- 3400 07/27/92 10:02 EDT
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Publication:PR Newswire
Date:Jul 27, 1992
Words:444
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