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Kelly’s Q1 revenue rises 3.5% in constant currency, Americas growth slowing

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Kelly Services Inc.’s (NASD: KELYA) first-quarter revenue rose 3.5% on a constant currency basis. The company noted revenue reflects continued, but slowing, growth in the Americas, where revenue rose 5.0% in constant currency. International staffing revenue rose 8.9% in constant currency.

US revenue rose 2.0%. International staffing revenue rose 8.9% in constant currency in the first quarter; Italy, the UK and Ireland saw the largest year-over-year increases.

Meanwhile, revenue in the company’s Global Talent Solutions segment — which includes RPO, MSP, business process outsourcing and other services — fell 0.8% in constant currency.

First-quarter gross margin narrowed as a result of business mix

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