Kforce Inc. announced its third-quarter 2024 financial results, reporting revenues of $353.3 million and diluted earnings per share of $0.75. These results exceeded the midpoint of the company's revenue expectations and surpassed the top end of its earnings per share guidance. The Technology business demonstrated stability for the fourth consecutive quarter, indicating a consistent operating environment.
The company also revealed a strategic decision to establish a new development center in Pune, India, which is expected to become operational in January 2025. This initiative aims to enhance service offerings and leverage highly skilled talent outside the United States. The facility will enable Kforce to compete for client opportunities previously inaccessible due to specific client requirements.
For the fourth quarter of 2024, Kforce provided guidance anticipating revenues between $337 million and $345 million, with diluted earnings per share projected to be in the range of $0.56 to $0.64. The company also announced a donation of $500,000 to charitable organizations in the Tampa Bay area and North Carolina to aid in hurricane recovery efforts.
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