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Tuesday, 12 February 2019 12:23

Talent trumpets record global revenue growth

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Australian-based global technology recruitment specialist Talent has reported a 20% increase in global revenue for the six months to the end of December 2018 to $314 million, including a 19% increase in revenues in the APAC region to $276 million.

Touting exceptional growth in the six months, Talent says compared to the same period in 2017, gross margin increased by 22%, and EBITDA by a massive 94%.  

Richard Earl, founder and executive chairman of Talent, said, “This is a real breakthrough moment as we see our various initiatives now converting to a very healthy bottom line. As a believer in the long term game this is extremely satisfying and is a validation of our strategy”.

“I am especially pleased with how our APAC chief executive Mark Nielsen’s unique brand of leadership and focus on culture has played a major part in this growth. In the process he has earned a number of well-deserved industry accolades.”

In APAC, revenue increased by 19% to $276m, gross margin by 24% and EBITDA by 86%. Nielsen commented.

“We have seen strong growth across all ANZ branches, with both permanent and contract revenue significantly exceeding budget,” he said.

“In Australia, our Melbourne, Perth and Brisbane branches saw exceptional growth.  What was also very pleasing to see was the ‘coming of age’ for our New Zealand business, which increased revenue by 47% and is now achieving strong profitability.  Further supporting this stellar growth has been our continued expansion into the mid-sized RPO market where we are seeing significant success through our unique approach to solutions.

“In Europe we have seen continued growth in the UK public sector, Germany, and our Microsoft Dynamics specialist business Hunter Charles. We have also seen a major take-up of Talent360, our proprietary recruiter on demand solution. Europe chief executive Jon Butterfield reiterated that he was delighted to be seeing a return on investment as the business is now generating sustainable profits."

Earl said that Talent’s US operations continue to develop well in California with particular success in the Digital Health and Biotech sector, “which will continue to expand”.  

“The next six months will also see a greater focus on New York as the company pursues acquisition targets in addition to launching the Microsoft offering Hunter Charles.

“These latest results provide us with the necessary capital to further develop our innovation products, invest in new people, and continue to scale and expand into the US market.”

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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