Australian-based global technology recruitment specialist Talent has reported solid growth for the six months to the end of December 2017, on the back of a strong performance in APAC, its San Francisco office exceeding expectations and a turnaround in the company’s London office in the wake of the post-Brexit announcement.
In APAC, Talent reports that revenue and gross margin increased by 19% and EBITDA increased by 100% with revenue of $232 million.
Mark Nielsen, APAC chief executive, commented, “We have seen strong growth across all APAC branches, with both permanent and contract revenue exceeding budget. Our Melbourne, Perth Auckland and Wellington offices saw exceptional growth.
“These latest results put the business in an extremely strong cash position, as Talent’s policy provides us with the necessary funds to further develop our innovation products, invest in the new people ahead of the curve and scale our new offices.”
{loadposition peter}Richard Earl, founder and executive chairman of Talent, said, “We are seeing a positive start to the 2018 calendar year with billings and pipeline exceeding expectations.
“This trend should continue, and hopefully result in another record year for Talent. In addition, we will continue to invest in the US market as we look to hire a number of staff for both the West and East Coast.”