HR Supplier Earnings. Looking Good!

Some recent 3rd Qtr earnings announcements from publicly traded human resource suppliers:

Automatic Data Processing: Profits grew 6 percent in the fiscal first quarter as revenue expanded across its units. By segment, employer services division grew revenue 9 percent, brokerage revenue grew 12 percent and dealer services grew 6 percent.

Administaff: Announced third-quarter profit had doubled (helped by a fee mark-up and lower costs).

Gevity: Said strong client growth sparked a 32 percent increase in third-quarter profit, and raised its full-year guidance.

Kronos: Strong sales to large and midsize customers (and revenue from acquisitions) were the reasons Kronos gave for a 17% increase in fourth-quarter revenue.

TALX: Said the implementation of services that remove manual processes and costs from clients' payroll and human resources operations contributed to a 77 percent rise in profit.

Kenexa: Reported total revenue of $17.2 million, representing an increase of 45% over the $11.9 million recorded for the corresponding quarter of 2004. Kenexa also recently announced an intention to invest around $15 million in their global delivery center in India. The company, according to a recent report, expects to employ 2,000 people in the next five years in India.