me Thank XXXX Second John, call this on Olivier for And call, have the and from made any including me good Services Kelly is let CFO. our by those to may Welcome Thirot, you expectations our statements Quarter during call. today’s that comments morning. on you, remind Conference With no results update Actual this comments about forward-looking Q&A, performance. made could we obligation suggested statements to the our and include future differ materially Call.
our filings actual to future refer description Please company’s that SEC of factors the risk performance. the a influence could for
data financial trends in addition, give on of on be certain items discussed and measures, insight adjusted into basis. operations. In certain a are basis designed Discussion the an during to non-GAAP will on call, our reported an adjusted
my the the appointment the second to report. made plan. before I of yesterday I quarter would our of and will Before like Then we experienced regarding complexity our retirement, levels second quarterly I results, transition I to quarter underscore announcement Kelly turn begin my successor planned some recap additional earnings the our afternoon during of Board’s
to on as of the Board will Directors XXXX. role step so first-half with as an transition, to important company this down sometime Kelly. well with I as of September member from capacity remain a retirement in until as the ensure President we of Starting me made smooth a the Board and advisory year, announcement the is my the of in yesterday, It my of to XXth I will and CEO
forward. XX role continue for life new of my years CEO, will my time before be to believe as who is Kelly the I for in now adult to to eight COO Having or Kelly, it torch other in at move positions pass a or spent that, most work it years CEO
We full our a complete and who lies on strong an organization customers, next have in and path in confidence for and we’re have team that industry our individuals place talented ahead. what’s of what and for seasoned the leadership understand I
Recognizing retire we year plan, and identified an followed extraordinary extraordinary a succession to Board the by to process guided our my comprehensive early identified Kelly’s CEO. service candidates next desire ensure – next to
on as Peter Yesterday, President Peter our President, Board and And unanimously XXXX. Executive effective of Directors. us the X, Vice Quigley, October serve call. Kelly’s next Board a endorsed of CEO today’s He will as member with is also
confidence an in our my Board and hands is shares organization the collaborative of growth-minded that The extremely leader. capable,
is here, time you the been For for pleasure XX-year of he company. had Peter, of Peter those and of organization. majority support functions a managing of operations managed And the across the who responsible has a meeting during either haven’t veteran or his
as solutions He Holdings, APAC. XX is Stock the Peter business staffing strategy. PersolKelly, company’s joint Board on geographies Japanese serves the He venture Kelly’s and as leading Persol also of a serves traded on member of Persol, one the in Exchange. representative a that of current Directors principal Board in company, provides Nikkei of also the staffing Kelly’s publicly with architects of
good second appearing work I American Staffing honors of on the as include of had in is hands. Board list. and staffing Kelly with his of as day every I Peter know people as has responsibilities the influential in Other SIA’sXXX he the Directors most outside role Chair company of Association, and Vice well
either volatility the complexity include equity positively report. earnings of Holdings divestitures. we or to and in our to quarter. investment our under acquisitions to want – on and this experienced These unused negatively; sale the Persol levels I property; moving foreign want and exchange second introduces during of additional the each quarter, start some by our fluctuations; I of Now underscoring
note will items our International on Olivier impact remarks, Please nominal Staffing constant reported earnings. is year-over-year these detail of the his in currency. segment, comparisons of my currency which are that our with In exception the represented in
was of to the highlights last some compared Kelly’s of Turning second year. the quarter of down results. billion, $X.X Revenue quarter second X.X% to
earnings rate showed basis flow the Our gain year-over-year was includes of gross year-to-date improvement. a over profit improved and were points. the up Free excluding same operations last Earnings from year XX%, – cash sale on significantly the per XX diluted share up period assets.
X% Americas Kelly’s of that, Kelly and period by NextGen, Commercial look segments year. down to a the revenue growth quarter, last quarter specialties our prior operating grew the in With second to revenue revenue X% with the impacted revenue Professional same year, Educational Staffing staffing second performed first and second decreased second delivered XX% in in acquisition. favorably compared Technical quarter quarter let’s how compared year. was the X% Staffing Staffing. three at the starting Americas from in quarter, last in the strategic
On decreased a permanent basis, over year-over-year. combined fees year X% – placement
second The Americas from offset rate was favorable partially by employee-related costs. higher year to basis NextGen up XX due mix last profit impact points Staffing and gross the of quarter in XX.X%, on business
by told, a Expenses offset were for associated our was operating compared Staffing, in year. were quarter, result quarter last the by incentive-based also to $XX.X to salaries Americas quarter the $XX actions strategic the in of addition achieved of partially lower costs NextGen QX profit Americas Expenses with All the compensation. as the million segment of up and lower due and mainly X% Staffing million the projects. restructuring an impacted
in see insights the In about and activities my future. in operating we what this segment to expect concluding share remarks, I’ll additional some recent
decreased constant in outside Revenue Eastern U.S. offset Western to in nominal the decreased to X% compared year turning prior a by X%, partially revenue of in Americas. operations the in Staffing increases primarily Europe, And International Europe. basis, International dollars. on our Now Staffing currency
basis. reference, remainder International Staffing my the constant on will of ease a For of on comments be currency
income. XX.X%. basis points year. was year-over-year lower down same period rate Expenses the the mainly customer XX% fee-based quarter year a and unfavorable by higher This the were the quarter XX GP reported the for X% versus prior Fee-based second earlier, driven mix is segment’s below income is and for
In summary, profit, quarter with Staffing million, year. same last million compared International $X.X operating was the in reported $X.X
Now The reporting Technology to segment includes of the turn of Solutions let’s Talent GTA, segment. new Global Global acquisitions. results one Associates, our our strategic
GP profit revenue first as how revenue second whole positively GTS a Let’s at GTS X% Both look in quarter. by QX X% performed the of year-over-year. and increased in acquisition and year-over-year impacted the GTA. were increased gross
we Workforce year-over-year In staffing. see our to Process being in by with our our mix increases product decreases in practices delivered continue volume addition, offset Outsourcing, Business improvement structural centrally and Contingent Outsourcing in KellyConnect
Now at results GTS in gross X let’s the businesses. look profit the each of
centrally business Our solutions. delivered CWO, and is Outsourcing of or Process RPO Outsourcing, staffing Payroll our talent fulfillment PPO, Recruitment Process made up
volume Gross a profit decrease lower fulfillment result well The PPO costs. of in QX. delivered partially was CWO was employee-related our as talent increases staffing, in down the lower our year-over-year business primarily volume as offset practices, practices, with centrally consistent X% QX in and in by
our and Our driven saw businesses year-over-year. the to impact outcome-based year the GTA increase outcome-based we acquired XX% comprised and the profit along businesses in solutions with KellyConnect be in Gross a BPO, of in organization. newly advisory products, to The continues volume businesses with the in a talent increased ago. outcome-based include fulfillment our of by strong of Consistent results costs our GTA. and acquisition reduction our compared KellyConnect both of also our employee-related BPO practice, services
Expenses result organization. gross a this segment quarter, structural were lower of GTS improved the primarily our mix GTS for in up X% the in expenses XX.X% points year-over-year management Overall, down the was rate continued cost profit and product year-over-year. result is employee-related of and were rate costs. effective the XXX lower basis within The improvements
was a quarter year profit told, to a operating $XX.X second ago, increase. million compared GTS million, All XX% $XX.X
And company. call to quarterly Olivier, results now, I’ll for entire the turn who’ll our cover over the