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Recruit’s fiscal Q4 revenue rises 7% fueled by Indeed, staffing revenue up 3%

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Recruit Holdings Co. Ltd., one of the world’s largest staffing firms, reported strong growth from its Indeed brand and positive foreign exchange rates fueled revenue in its fiscal fourth quarter ended March 31, 2018.

Revenue rose 7.2% at the Tokyo-based company to ¥556.4 billion, or $5.24 billion in US dollars.

(¥billions) Q4 2017 Q4 2016 % change Q4 2017 (US$millions) Revenue ¥556.4 ¥518.9 7.2% $5,236 Gross profit ¥266.6 ¥239.1 11.5% $2,509 Gross margin 47.9% 46.1%     Profit for the period

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