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Upwork:Quarterly Results/2023 Q2: Difference between revisions
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==== Randstad ==== | ==== Randstad ==== | ||
===== Summary ===== | |||
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* Randstad Q2 2023 revenue declined by 6% y/y to €6.46 billion | * Randstad Q2 2023 revenue declined by 6% y/y to €6.46 billion, below analysts estimate of € 7.30 billion. | ||
* EBITA topped estimates. | * EBITA topped estimates. | ||
* Its North America(largest market) revenue declined by 14% to € 1.38 billion. | * Its North America(largest market) revenue declined by 14% to € 1.38 billion. | ||
* "'''In North America, like in Europe by the way, I would say the market is normalizing,'''" Randstad CEO Sander van't Noordende said in an interview<ref name=":4" />. | * "'''In North America, like in Europe by the way, I would say the market is normalizing,'''" Randstad CEO Sander van't Noordende said in an interview<ref name=":4" />. | ||
* " '''The macroeconomic conditions remain challenging across our markets, and these conditions have continued into early July,'''" CFO Jorge Vazquez said<ref>https://seekingalpha.com/article/4619650-randstad-n-v-ranjf-q2-2023-earnings-call-transcript</ref>. | * " '''The macroeconomic conditions remain challenging across our markets, and these conditions have continued into early July,'''" CFO Jorge Vazquez said<ref>https://seekingalpha.com/article/4619650-randstad-n-v-ranjf-q2-2023-earnings-call-transcript</ref>. | ||
===== Performance in the last few quarters ===== | |||
{| class="wikitable" | |||
|+ | |||
!Key Items | |||
!Q1 2023 | |||
!Y/Y Growth | |||
!Q4 2022 | |||
!Y/Y Growth | |||
!Q3 2022 | |||
!Y/Y Growth | |||
!Q2 2022 | |||
!Y/Y Growth | |||
!Q1 2022 | |||
!Y/Y Growth | |||
|- | |||
|Revenue<ref name=":5">https://www.randstad.com/investor-relations/results-and-reports/quarterly-results/</ref> | |||
|€6.52 billion | |||
| -2% | |||
|€7.0 billion | |||
|4% | |||
|€7.1 billion | |||
|12% | |||
|€ 6.9 billion | |||
|13% | |||
|€ 6.6 billion | |||
|20% | |||
|- | |||
|North America revenue<ref name=":5" /> | |||
|€1.21 billion | |||
| -7% | |||
|€1.37 billion | |||
|6% | |||
|€1.5 billion | |||
|26% | |||
|€1.4 billion | |||
|27% | |||
|€1.3 billion | |||
|26% | |||
|} | |||
===== About Randstad ===== | |||
* Ranstad is a Netherlands company founded in 1960 that helps people find jobs and advises clients on talent needs<ref name=":6">https://www.randstad.com/</ref>. | |||
* In 2022, it secured jobs for 2 million people and offered advisory services to 230,000 clients<ref name=":6" />. | |||
* It is present in 39 countries, including North America<ref name=":6" />. | |||
* Randstad was one of the companies that benefited from Covid<ref name=":4" />. | |||
* Upwork lists Randstad as one of its indirect competitors. | |||
== References == | == References == | ||