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Upwork:Quarterly Results/2023 Q2: Difference between revisions
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* Randstad was one of the companies that benefited from Covid<ref name=":4" />. | * Randstad was one of the companies that benefited from Covid<ref name=":4" />. | ||
* Upwork lists Randstad as one of its indirect competitors. | * Upwork lists Randstad as one of its indirect competitors. | ||
==== ManPowerGroup ==== | |||
===== Summary ===== | |||
* "'''The RPO business is clearly feeling the effects of the slowing hiring environment from a permanent recruitment perspective,'''" CEO Jonas Prising said in the earnings call<ref>https://seekingalpha.com/article/4618510-manpowergroup-inc-man-q2-2023-earnings-call-transcript</ref>. | |||
* "As I mentioned last quarter, we are seeing slower hiring trends across the board with particular impacts in certain sectors in the U.S and Europe. Large tech enterprise companies have continued to substantially reduce headcounts. A trend that began in late 2022. We are also tracking softer commercial staffing demand due to decreased production in some manufacturing activities''',''' " Prising said in the earnings call prepared remarks. | |||
* "we saw '''mixed demand for staffing and weakened demand for permanent recruitment services in the U.S. and Europe,'''" he added. | |||
===== Performance in the last few quarters ===== | |||
{| class="wikitable" | |||
!Key Items | |||
!Q2 2023 | |||
!Y/Y Growth | |||
!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=":7">https://investor.manpowergroup.com/events-and-presentations/upcoming-events</ref> | |||
|$4.9 billion | |||
| -4% | |||
|$4.8 billion | |||
| -8% | |||
|$4.8 billion | |||
| -11% | |||
|$4.8 billion | |||
| -7% | |||
|$5.1 billion | |||
| -4% | |||
|$5.1 billion | |||
|4% | |||
|- | |||
|US revenue<ref name=":7" /> | |||
| | |||
| -18% | |||
| | |||
| -6% | |||
| | |||
| -5% | |||
| | |||
|38% | |||
| | |||
|44% | |||
| | |||
|46% | |||
|- | |||
|Manpower brand organic revenue in constant currency | |||
| | |||
| -1%<ref>https://investor.manpowergroup.com/static-files/79aa0e3e-48ec-4057-ad27-3036275feff7</ref> | |||
| | |||
| -1%<ref>https://seekingalpha.com/article/4595298-manpowergroup-man-q1-2023-earnings-call-transcript</ref> | |||
| | |||
| -1%<ref>https://seekingalpha.com/article/4573922-manpowergroup-man-q4-2022-earnings-call-transcript</ref> | |||
| | |||
|1%<ref>https://seekingalpha.com/article/4547806-manpowergroup-inc-man-q3-2022-earnings-call-transcript</ref> | |||
| | |||
|1%<ref>https://seekingalpha.com/article/4524279-manpowergroup-inc-man-ceo-jonas-prising-on-q2-2022-results-earnings-call-transcript</ref> | |||
| | |||
|5%<ref>https://seekingalpha.com/article/4502158-manpowergroup-inc-s-man-ceo-jonas-prising-on-q1-2022-results-earnings-call-transcript</ref> | |||
|} | |||
===== About ManpowerGroup ===== | |||
* Its Experis solutions provides employers with IT infrastracture while Manpower solutions provides employers access to contingent and permanent workforce. | |||
* Its Talent solutions provide data solutions across talent life cycle. | |||
* Manpower comrised 58% of its gross profit in Q2 while Experis comprised 25%. Talent Soultions comprised 17%. | |||
== References == | == References == | ||