No Surprises in 2Q for Recruitment Giant Randstad
Recruitment giant Randstad delivered a reasonable set of first-half results that were broadly in line with our expectations for this point in the year. Organic revenue growth was 9% in the second quarter, driven mainly by strong growth in Europe and particularly Italy. We expect this growth to moderate in the coming quarters, and forecast revenue growing organically by just over 6% in fiscal 2017. We do not expect to make any changes to our forecasts on the back of these results and reiterate ou...Randstad is a global staffing and recruitment company, providing various solutions in the human resources (HR) services space. Co.'s services include regular temporary staffing and permanent placement of candidates. In addition, Co. provides several other HR solutions, such as Recruitment Process Outsourcing (RPO), Managed Services Programs (MSP), payroll services, and outplacement. Co. provides four distinct service concepts: Staffing, Inhouse Services, Professionals and HR Solutions.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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