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Stock impact report

Kforce Reports Second Quarter 2022 Revenues of $436.5 Million; Technology Revenues Grew Approximately 24% Year-Over-Year and 50% Over the Second Quarter of 2020; Earnings Per Share of $1.3...

Kforce, Inc. (KFRC) 
Last kforce, inc. earnings: 2/5 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: investor.kforce.com/investor-relations
Company Research Source: GlobeNewswire
TAMPA, Fla., Aug. 01, 2022 (GLOBE NEWSWIRE) -- Kforce Inc. (Nasdaq: KFRC), a solutions firm that specializes in technology and other professional staffing services, today announced results for the second quarter of 2022. Quarterly Financial Highlights Revenue for the quarter ended June 30, 2022 was $436.5 million and increased 8.2% year-over-year. Excluding the impact of the planned run-off in the COVID-19 project-related business, overall revenue would have improved 18.3% year-over-year.Technology revenue increased 23.8% year-over-year.FA revenue decreased 44.1% year-over-year as a result of the planned reductions in our COVID-19 project- related business and repositioning efforts.Gross profit margins increased 50 basis points and Flex gross profit margins decreased 10 basis points year-over-year, respectively.Operating margins decreased 40 basis points year-over-year primarily as a result of a gain recognized in the second quarter of 2021 due to the sale of our corporate headqua Show less Read more
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