Global revenues up 21% in H1 2017 for Talent
Following a strong 2017 financial year, Talent has delivered exceptional growth in the six months to 31st December 2017. Compared to the same period in 2016, global revenue increased by 21%, gross margin by 24%, and EBITDA increased by 126% as the company starts to see a return on a broad period of investment. Talent’s turnover for the six months was $263m.
Richard Earl, founder and executive chairman of Talent, commented, “I am extremely pleased with the growth we’ve seen over the last six months. This growth arose through a strong performance in APAC, our San Francisco office exceeding expectations and our London office showing a good turnaround following the slowing market post-Brexit announcement. We also recently expanded into Germany, where we have had an excellent results working with the start-up communities of Berlin and Hamburg.”
In APAC, revenue and gross margin increased by 19% and EBITDA increased by 100% with revenue of $232m. Mark Nielsen, APAC CEO, said, “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.”
Earl added, “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 the 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.”
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