MENLO PARK, Calif., Jan. 26, 2017 /PRNewswire/ -- Robert Half International Inc. (NYSE symbol: RHI) today reported revenues and earnings for the fourth quarter and year ended December 31, 2016.

http://photos.prnewswire.com/prnvar/20160212/332877LOGO

For the quarter ended December 31, 2016, net income was $78 million, or $.61 per share, on revenues of $1.27 billion. Net income for the prior year's fourth quarter was $93 million, or $.71 per share, on revenues of $1.30 billion.

For the year ended December 31, 2016, net income was $343 million, or $2.67 per share, on revenues of $5.25 billion. For the year ended December 31, 2015, net income was $358 million, or $2.69 per share, on revenues of $5.09 billion.

Harold M. Messmer, Jr., chairman and CEO of Robert Half, commented: "Robert Half continued to benefit from a tightening job market and solid service demand domestically and in our non-U.S. markets during the fourth quarter. International staffing operations performed particularly well, and Protiviti also reported year-over-year revenue gains."

Messmer added, "Unlevered return on equity remained strong during the fourth quarter at 29 percent."

Robert Half management will conduct a conference call today at 5 p.m. EST. The prepared remarks for this call are available now in the Investor Center of the Robert Half website (www.roberthalf.com/investor-center). Simply click on the Quarterly Conference Calls link. The dial-in number to listen to today's conference call is 877-814-0475 (+1-706-643-9224 outside the United States). The password is "Robert Half."

A taped recording of this call will be available for replay beginning at approximately 8 p.m. EST today and ending at 11:59 p.m. EST on February 26. The dial-in number for the replay is 855-859-2056 (+1-404-537-3406 outside the United States). To access the replay, enter conference ID# 48653573. The conference call also will be archived in audio format on the company's website at www.roberthalf.com/investor-center.

Founded in 1948, Robert Half is the world's first and largest specialized staffing firm and a recognized leader in professional consulting and staffing services. The company's specialized staffing divisions include Accountemps(®), Robert Half(®) Finance & Accounting and Robert Half(®) Management Resources, for temporary, full-time and senior-level project professionals, respectively, in the fields of accounting and finance; OfficeTeam(®), for highly skilled administrative support professionals; Robert Half(®) Technology, for project and full-time technology professionals; Robert Half(®) Legal, for project and full-time staffing of lawyers, paralegals and legal support personnel; and The Creative Group(®), for interactive, design, marketing, advertising and public relations professionals. Robert Half also is the parent company of Protiviti(®), a global consulting firm that provides clients with consulting solutions in finance, technology, operations, data, analytics, governance, risk and internal audit.

Robert Half has staffing and consulting operations in more than 400 locations worldwide.

Certain information contained in this press release and its attachments may be deemed forward-looking statements regarding events and financial trends that may affect the company's future operating results or financial positions. These statements may be identified by words such as "estimate", "forecast", "project", "plan", "intend", "believe", "expect", "anticipate", or variations or negatives thereof, or by similar or comparable words or phrases. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the statements.

These risks and uncertainties include, but are not limited to, the following: the global financial and economic situation; changes in levels of unemployment and other economic conditions in the United States or foreign countries where the company does business, or in particular regions or industries; reduction in the supply of candidates for temporary employment or the company's ability to attract candidates; the entry of new competitors into the marketplace or expansion by existing competitors; the ability of the company to maintain existing client relationships and attract new clients in the context of changing economic or competitive conditions; the impact of competitive pressures, including any change in the demand for the company's services, on the company's ability to maintain its margins; the possibility of the company incurring liability for its activities, including the activities of its temporary employees, or for events impacting its temporary employees on clients' premises; the possibility that adverse publicity could impact the company's ability to attract and retain clients and candidates; the success of the company in attracting, training, and retaining qualified management personnel and other staff employees; the company's ability to comply with governmental regulations affecting personnel services businesses in particular or employer/employee relationships in general; whether there will be ongoing demand for Sarbanes-Oxley or other regulatory compliance services; the company's reliance on short-term contracts for a significant percentage of its business; litigation relating to prior or current transactions or activities, including litigation that may be disclosed from time to time in the company's SEC filings; the ability of the company to manage its international operations and comply with foreign laws and regulations; the impact of fluctuations in foreign currency exchange rates; the possibility that the additional costs the company will incur as a result of healthcare reform legislation may adversely affect the company's profit margins or the demand for the company's services; the possibility that the company's computer and communications hardware and software systems could be damaged or their service interrupted; and the possibility that the company may fail to maintain adequate financial and management controls and as a result suffer errors in its financial reporting.

Additionally, with respect to Protiviti, other risks and uncertainties include the fact that future success will depend on its ability to retain employees and attract clients; there can be no assurance that there will be ongoing demand for Sarbanes-Oxley or other regulatory compliance services; failure to produce projected revenues could adversely affect financial results; and there is the possibility of involvement in litigation relating to prior or current transactions or activities.

Because long-term contracts are not a significant part of the company's business, future results cannot be reliably predicted by considering past trends or extrapolating past results. The company undertakes no obligation to update information contained in this release.

A copy of this release is available at www.roberthalf.com/investor-center.





    ATTACHED:                                     Summary of Operations



                                                   Supplemental Financial
                                                   Information



                                                  Non-GAAP Financial Measures
    ---



                                                                                           ROBERT HALF INTERNATIONAL INC. AND SUBSIDIARIES

                                                                                                        SUMMARY OF OPERATIONS

                                                                                              (in thousands, except per share amounts)


                                      Quarter Ended December 31,          Year Ended December 31,
                                      --------------------------          -----------------------

                                    2016                                       2015                                        2016               2015
                                    ----                                       ----                                        ----               ----

                                           (Unaudited)                 (Unaudited)


    Net service revenues                                    $1,265,073                                                $1,304,594                   $5,250,399  $5,094,933

    Direct costs of services     745,871                                      764,513                                               3,089,723        2,980,462
                                 -------                                      -------                                               ---------        ---------


    Gross margin                 519,202                                      540,081                                               2,160,676        2,114,471


    Selling, general and
     administrative expenses     394,505                                      395,724                                               1,606,217        1,533,799

    Amortization of intangible
     assets                          309                                          192                                                   1,237              192

    Interest income, net           (193)                                       (150)                                                  (888)           (550)
                                    ----                                         ----                                                    ----             ----


    Income before income taxes   124,581                                      144,315                                                 554,110          581,030

    Provision for income taxes    46,793                                       50,872                                                 210,721          223,234
                                  ------                                       ------                                                 -------          -------


    Net income                                                 $77,788                                                   $93,443                     $343,389    $357,796
                                                               =======                                                   =======                     ========    ========


    Diluted net income per share                                  $.61                                                      $.71                        $2.67       $2.69


    Shares:

    Basic                        126,505                                      130,172                                                 127,991          131,749

    Diluted                      127,428                                      131,430                                                 128,766          132,930



                                                                                                                                    ROBERT HALF INTERNATIONAL INC. AND SUBSIDIARIES

                                                                                                                                           SUPPLEMENTAL FINANCIAL INFORMATION

                                                                                                                                                     (in thousands)


                                         Quarter Ended December 31,                                  Year Ended December 31,
                                         --------------------------                                  -----------------------

                                    2016                            2015                                2016                                     2015
                                    ----                            ----                                ----                                     ----

                                               (Unaudited)                        (Unaudited)

    REVENUES:

    Accountemps                                         $425,158            33.6%                                              $438,383                                   33.6%                       $1,786,276      34.0%                     $1,715,910     33.7%

    OfficeTeam                   239,858                             19.0%                   251,614                                        19.3%                                   972,414                 18.5%   973,896            19.1%

    Robert Half Technology       159,400                             12.6%                   167,551                                        12.8%                                   659,844                 12.6%   657,124            12.9%

    Robert Half Management
     Resources                   144,865                             11.4%                   150,353                                        11.6%                                   608,243                 11.6%   583,913            11.5%

    Robert Half Finance &
     Accounting                   94,469                              7.5%                   101,667                                         7.8%                                   419,314                  8.0%   421,411             8.2%

    Protiviti                    201,323                             15.9%                   195,026                                        14.9%                                   804,308                 15.3%   742,679            14.6%
                                 -------                              ----                    -------                                         ----                                    -------                  ----    -------             ----

    Total                                             $1,265,073           100.0%                                            $1,304,594                                  100.0%                       $5,250,399     100.0%                     $5,094,933    100.0%
                                                      ==========            =====                                             ==========                                   =====                        ==========      =====                      ==========     =====


    GROSS MARGIN:

    Temporary and consultant
     staffing                                           $367,961            38.0%                                              $376,083                                   37.3%                       $1,510,941      37.5%                     $1,463,407     37.2%

    Permanent placement staffing  94,303                             99.8%                   101,521                                        99.9%                                   418,535                 99.8%   420,747            99.8%

    Risk consulting and internal
     audit services               56,938                             28.3%                    62,477                                        32.0%                                   231,200                 28.7%   230,317            31.0%
                                  ------                              ----                     ------                                         ----                                    -------                  ----    -------             ----

    Total                                               $519,202            41.0%                                              $540,081                                   41.4%                       $2,160,676      41.2%                     $2,114,471     41.5%
                                                        ========             ====                                               ========                                    ====                        ==========       ====                      ==========      ====


    OPERATING INCOME:

    Temporary and consultant
     staffing                                            $90,902             9.4%                                               $99,404                                    9.9%                         $393,704       9.8%                       $399,808     10.2%

    Permanent placement staffing  13,637                             14.4%                    17,559                                        17.3%                                    80,001                 19.1%    85,019            20.2%

    Risk consulting and internal
     audit services               20,158                             10.0%                    27,394                                        14.0%                                    80,754                 10.0%    95,845            12.9%
                                  ------                              ----                     ------                                         ----                                     ------                  ----     ------             ----

    Total                                               $124,697             9.9%                                              $144,357                                   11.1%                         $554,459      10.6%                       $580,672     11.4%
                                                        ========              ===                                               ========                                    ====                          ========       ====                        ========      ====


    SELECTED CASH FLOW
     INFORMATION:

    Amortization of intangible
     assets                                                 $309                                            $192                                                                               $1,237                             $192

    Depreciation expense                                 $16,307                                         $13,786                                                                              $63,078                          $53,273

    Capital expenditures                                 $19,676                                         $26,781                                                                              $82,956                          $75,057

    Open market repurchases of
     common stock (shares)         1,113                                             1,411                                                            4,046                                                 4,343



                                         ROBERT HALF INTERNATIONAL INC. AND SUBSIDIARIES

                                               SUPPLEMENTAL FINANCIAL INFORMATION

                                                         (in thousands)


                                                       December 31,
                                                       ------------

                                                2016                                     2015
                                                ----                                     ----

                                         (Unaudited)

    SELECTED BALANCE SHEET INFORMATION:

    Cash and cash equivalents                                            $260,201               $224,577

    Accounts receivable, less allowances                                 $703,228               $704,640

    Total assets                                                       $1,777,971             $1,702,960

    Current liabilities                                                  $679,896               $655,549

    Notes payable and other
     indebtedness, less current portion                                      $840                 $1,007

    Total stockholders' equity                                         $1,086,599             $1,003,781

ROBERT HALF INTERNATIONAL INC. AND SUBSIDIARIES
NON-GAAP FINANCIAL MEASURES

The financial results of Robert Half International Inc. (the "Company") are prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP") and the rules of the U.S. Securities and Exchange Commission ("SEC"). To help readers understand the Company's financial performance, the Company supplements its GAAP financial results with revenue growth rates derived from non-GAAP revenue amounts.

Variations in the Company's financial results include the impact of changes in foreign currency exchange rates and billing days. The Company provides "same billing days and constant currency" revenue growth calculations to remove the impact of these items. These calculations show the year-over-year revenue growth rates for the Company's lines of business on both a reported basis and also on a same-day, constant-currency basis for global, U.S. and international operations. This information is presented for each of the six most recent quarters. The Company has provided this data because management believes it better reflects the Company's actual revenue growth rates and aids in evaluating revenue trends over time. The Company expresses year-over-year revenue changes as calculated percentages using the same number of billing days and constant currency exchange rates.

The non-GAAP financial measures provided herein may not provide information that is directly comparable to that provided by other companies in the Company's industry, as other companies may calculate such financial results differently. The Company's non-GAAP financial measures are not measurements of financial performance under GAAP and should not be considered as alternatives to actual revenue growth derived from revenue amounts presented in accordance with GAAP. The Company does not consider these non-GAAP financial measures to be a substitute for, or superior to, the information provided by GAAP financial results. A reconciliation of the non-GAAP financial measures to the most directly comparable GAAP financial measures is provided on the following pages.



                                                                                                                       ROBERT HALF INTERNATIONAL INC. AND SUBSIDIARIES

                                                                                                                                 NON-GAAP FINANCIAL MEASURES


    REVENUE GROWTH RATES (%) (UNAUDITED):


                                                Year-Over-Year Growth Rates                           Non-GAAP Year-Over-Year Growth Rates

                                                     (As Reported)                           (Same Billing Days and Constant Currency)
                                                     ------------                            ----------------------------------------

                                               2015                              2016             2015                                                  2016
                                               ----                              ----             ----                                                  ----

                                           Q3                          Q4              Q1                       Q2                          Q3                         Q4        Q3       Q4       Q1       Q2       Q3      Q4
                                          ---                         ---             ---                      ---                         ---                         ---      ---      ---      ---      ---      ---      ---

    Global

    Accountemps                                 4.3                          5.8           8.4                          7.1                          4.2                   -3.0      7.6      7.5      8.3      6.5      4.9     -0.8

    OfficeTeam                                  4.8                          4.1           4.2                          1.8                         -1.5                   -4.7      8.3      5.8      3.7      0.6     -1.3     -3.0

    Robert Half Technology                     13.3                          9.6           6.8                          1.8                         -1.6                   -4.9     15.4     10.2      6.2      0.9     -1.4     -3.4

    Robert Half Management Resources           -2.4                          4.0           7.5                         10.2                          3.1                   -3.7      2.9      7.1      7.7      9.4      3.7     -1.3

    Temporary and consultant staffing           4.8                          5.7           7.0                          5.4                          1.6                   -3.8      8.3      7.4      6.7      4.5      2.1     -1.8

    Permanent placement staffing                8.2                          5.1           8.0                          2.6                         -5.1                   -7.1     13.6      8.2      8.6      2.1     -4.5     -4.9
                                                ---                          ---           ---                          ---                         ----                   ----     ----      ---      ---      ---     ----     ----

    Total staffing                              5.1                          5.7           7.1                          5.1                          1.0                   -4.1      8.8      7.5      6.9      4.3      1.5     -2.1

    Protiviti                                  20.5                         13.9          14.4                          9.2                          7.4                    3.2     23.0     15.4     13.7      8.3      7.8      5.3

    Total                                       7.2                          6.8           8.1                          5.7                          2.0                   -3.0     10.9      8.7      7.8      4.9      2.4     -1.0
                                                ===                          ===           ===                          ===                          ===                   ====     ====      ===      ===      ===      ===     ====


    United States

    Temporary and consultant staffing           9.9                          9.2           8.5                          4.6                          0.4                   -4.9      9.8      8.2      7.3      3.5      0.6     -3.5

    Permanent placement staffing               16.2                         11.5          12.9                          3.8                         -5.2                   -9.4     16.1     10.5     11.6      2.7     -5.0     -8.1
                                               ----                         ----          ----                          ---                         ----                   ----     ----     ----     ----      ---     ----     ----

    Total staffing                             10.4                          9.4           8.9                          4.5                         -0.1                   -5.3     10.3      8.4      7.6      3.4      0.1     -3.9

    Protiviti                                  24.6                         15.5          16.2                          7.6                          6.1                    3.7     24.4     15.1     14.9      6.5      6.3      5.3

    Total                                      12.5                         10.3           9.9                          5.0                          0.9                   -3.9     12.6      9.5      8.7      3.9      1.1     -2.4
                                               ====                         ====           ===                          ===                          ===                   ====     ====      ===      ===      ===      ===     ====


    International

    Temporary and consultant staffing         -12.8                         -7.2           0.5                          8.6                          7.0                    0.8      3.1      4.4      4.5      8.9      8.8      5.3

    Permanent placement staffing               -7.3                         -7.8          -2.8                         -0.3                         -4.9                   -1.3      8.9      3.5      2.0      0.8     -3.4      2.9
                                               ----                         ----          ----                         ----                         ----                   ----      ---      ---      ---      ---     ----      ---

    Total staffing                            -12.1                         -7.3           0.0                          7.2                          5.3                    0.5      3.9      4.3      4.1      7.7      7.0      5.0

    Protiviti                                   1.2                          6.0           5.4                         17.3                         15.2                    0.7     16.4     16.9      8.0     17.5     16.6      5.3

    Total                                     -10.7                         -5.8           0.6                          8.4                          6.5                    0.5      5.3      5.9      4.6      8.9      8.1      5.0
                                              =====                         ====           ===                          ===                          ===                    ===      ===      ===      ===      ===      ===      ===

The non-GAAP financial measures included in the table above adjust for the following items:

Foreign Currency Translation. The "As Reported" revenue growth rates are based upon reported revenues, which include the impact of changes in foreign currency exchange rates. In order to calculate "Constant Currency" revenue growth rates, as-reported amounts are retranslated using foreign exchange rates from the prior year's comparable period.

Billing Days. The "As Reported" revenue growth rates are based upon reported revenues. Management calculates a global, weighted-average number of billing days for each reporting period based upon input from all countries and all lines of business. In order to remove the fluctuations caused by comparable periods having different billing days, the company calculates "same billing day" revenue growth rates by dividing each comparative period's reported revenues by the calculated number of billing days for that period to arrive at a "per billing day" amount. The "same billing day" growth rates are then calculated based upon the "per billing day" amounts.

The term "same billing days and constant currency" means that the impact of different billing days has been removed from constant currency calculation. A reconciliation of the non-GAAP year-over-year revenue growth rates to the "As Reported" year-over-year revenue growth rates is included herein on Pages 8-10.



                                                                              ROBERT HALF INTERNATIONAL INC. AND SUBSIDIARIES

                                                                                        NON-GAAP FINANCIAL MEASURES


    REVENUE GROWTH RATE (%) RECONCILIATION (UNAUDITED):


                                                                                  Year-Over-Year Revenue Growth - GLOBAL
                                                                                  --------------------------------------

                                                         Q3 2015      Q4 2015                Q1 2016                   Q2 2016       Q3 2016      Q4 2016
                                                        -------      -------                -------                   -------       -------      -------

    Accountemps

    As Reported                                                  4.3                   5.8                                      8.4           7.1          4.2 -3.0

    Billing Days Impact                                         -0.2                  -0.9                                     -1.2          -1.1          0.2  1.4

    Currency Impact                                              3.5                   2.6                                      1.1           0.5          0.5  0.8
                                                                 ---                   ---                                      ---           ---          ---  ---

    Same Billing Days and Constant Currency                      7.6                   7.5                                      8.3           6.5          4.9 -0.8
                                                                 ---                   ---                                      ---           ---          --- ----

    OfficeTeam

    As Reported                                                  4.8                   4.1                                      4.2           1.8         -1.5 -4.7

    Billing Days Impact                                         -0.2                  -1.0                                     -1.2          -1.1          0.2  1.4

    Currency Impact                                              3.7                   2.7                                      0.7          -0.1          0.0  0.3
                                                                 ---                   ---                                      ---          ----          ---  ---

    Same Billing Days and Constant Currency                      8.3                   5.8                                      3.7           0.6         -1.3 -3.0
                                                                 ---                   ---                                      ---           ---         ---- ----

    Robert Half Technology

    As Reported                                                 13.3                   9.6                                      6.8           1.8         -1.6 -4.9

    Billing Days Impact                                         -0.1                  -1.0                                     -1.2          -1.1          0.2  1.4

    Currency Impact                                              2.2                   1.6                                      0.6           0.2          0.0  0.1
                                                                 ---                   ---                                      ---           ---          ---  ---

    Same Billing Days and Constant Currency                     15.4                  10.2                                      6.2           0.9         -1.4 -3.4
                                                                ----                  ----                                      ---           ---         ---- ----

    Robert Half Management Resources

    As Reported                                                 -2.4                   4.0                                      7.5          10.2          3.1 -3.7

    Billing Days Impact                                          0.0                  -1.0                                     -1.3          -1.2          0.2  1.5

    Currency Impact                                              5.3                   4.1                                      1.5           0.4          0.4  0.9
                                                                 ---                   ---                                      ---           ---          ---  ---

    Same Billing Days and Constant Currency                      2.9                   7.1                                      7.7           9.4          3.7 -1.3
                                                                 ---                   ---                                      ---           ---          --- ----

    Temporary and consultant staffing

    As Reported                                                  4.8                   5.7                                      7.0           5.4          1.6 -3.8

    Billing Days Impact                                         -0.1                  -1.0                                     -1.3          -1.2          0.2  1.4

    Currency Impact                                              3.6                   2.7                                      1.0           0.3          0.3  0.6
                                                                 ---                   ---                                      ---           ---          ---  ---

    Same Billing Days and Constant Currency                      8.3                   7.4                                      6.7           4.5          2.1 -1.8
                                                                 ---                   ---                                      ---           ---          --- ----

    Permanent placement staffing

    As Reported                                                  8.2                   5.1                                      8.0           2.6         -5.1 -7.1

    Billing Days Impact                                         -0.2                  -0.9                                     -1.2          -1.2          0.2  1.4

    Currency Impact                                              5.6                   4.0                                      1.8           0.7          0.4  0.8
                                                                 ---                   ---                                      ---           ---          ---  ---

    Same Billing Days and Constant Currency                     13.6                   8.2                                      8.6           2.1         -4.5 -4.9
                                                                ----                   ---                                      ---           ---         ---- ----

    Total staffing

    As Reported                                                  5.1                   5.7                                      7.1           5.1          1.0 -4.1

    Billing Days Impact                                         -0.1                  -1.0                                     -1.3          -1.1          0.2  1.4

    Currency Impact                                              3.8                   2.8                                      1.1           0.3          0.3  0.6
                                                                 ---                   ---                                      ---           ---          ---  ---

    Same Billing Days and Constant Currency                      8.8                   7.5                                      6.9           4.3          1.5 -2.1
                                                                 ---                   ---                                      ---           ---          --- ----

    Protiviti

    As Reported                                                 20.5                  13.9                                     14.4           9.2          7.4  3.2

    Billing Days Impact                                         -0.2                  -0.4                                     -1.4          -1.1          0.2  1.6

    Currency Impact                                              2.7                   1.9                                      0.7           0.2          0.2  0.5

    Same Billing Days and Constant Currency                     23.0                  15.4                                     13.7           8.3          7.8  5.3
                                                                ----                  ----                                     ----           ---          ---  ---

    Total

    As Reported                                                  7.2                   6.8                                      8.1           5.7          2.0 -3.0

    Billing Days Impact                                          0.0                  -0.8                                     -1.3          -1.1          0.1  1.4

    Currency Impact                                              3.7                   2.7                                      1.0           0.3          0.3  0.6

    Same Billing Days and Constant Currency                     10.9                   8.7                                      7.8           4.9          2.4 -1.0
                                                                ----                   ---                                      ---           ---          --- ----



                                                                              ROBERT HALF INTERNATIONAL INC. AND SUBSIDIARIES

                                                                                        NON-GAAP FINANCIAL MEASURES


    REVENUE GROWTH RATE (%) RECONCILIATION (UNAUDITED):


                                                                               Year-Over-Year Revenue Growth - UNITED STATES
                                                                               ---------------------------------------------

                                                         Q3 2015      Q4 2015             Q1 2016                   Q2 2016        Q3 2016        Q4 2016
                                                        -------      -------             -------                   -------        -------        -------

    Temporary and consultant staffing

    As Reported                                                  9.9                9.2                                       8.5             4.6             0.4     -4.9

    Billing Days Impact                                         -0.1               -1.0                                      -1.2            -1.1             0.2      1.4

    Currency Impact                                                -                 -                                        -              -              -       -
                                                                 ---               ---                                      ---            ---            ---     ---

    Same Billing Days and Constant Currency                      9.8                8.2                                       7.3             3.5             0.6     -3.5
                                                                 ---                ---                                       ---             ---             ---     ----


    Permanent placement staffing

    As Reported                                                 16.2               11.5                                      12.9             3.8            -5.2     -9.4

    Billing Days Impact                                         -0.1               -1.0                                      -1.3            -1.1             0.2      1.3

    Currency Impact                                                -                 -                                        -              -              -       -
                                                                 ---               ---                                      ---            ---            ---     ---

    Same Billing Days and Constant Currency                     16.1               10.5                                      11.6             2.7            -5.0     -8.1
                                                                ----               ----                                      ----             ---            ----     ----


    Total staffing

    As Reported                                                 10.4                9.4                                       8.9             4.5            -0.1     -5.3

    Billing Days Impact                                         -0.1               -1.0                                      -1.3            -1.1             0.2      1.4

    Currency Impact                                                -                 -                                        -              -              -       -
                                                                 ---               ---                                      ---            ---            ---     ---

    Same Billing Days and Constant Currency                     10.3                8.4                                       7.6             3.4             0.1     -3.9
                                                                ----                ---                                       ---             ---             ---     ----


    Protiviti

    As Reported                                                 24.6               15.5                                      16.2             7.6             6.1      3.7

    Billing Days Impact                                         -0.2               -0.4                                      -1.3            -1.1             0.2      1.6

    Currency Impact                                                -                 -                                        -              -              -       -
                                                                 ---               ---                                      ---            ---            ---     ---

    Same Billing Days and Constant Currency                     24.4               15.1                                      14.9             6.5             6.3      5.3
                                                                ----               ----                                      ----             ---             ---      ---


    Total

    As Reported                                                 12.5               10.3                                       9.9             5.0             0.9     -3.9

    Billing Days Impact                                          0.1               -0.8                                      -1.2            -1.1             0.2      1.5

    Currency Impact                                                -                 -                                        -              -              -       -
                                                                 ---               ---                                      ---            ---            ---     ---

    Same Billing Days and Constant Currency                     12.6                9.5                                       8.7             3.9             1.1     -2.4
                                                                ----                ---                                       ---             ---             ---     ----



                                                                              ROBERT HALF INTERNATIONAL INC. AND SUBSIDIARIES

                                                                                        NON-GAAP FINANCIAL MEASURES


    REVENUE GROWTH RATE (%) RECONCILIATION (UNAUDITED):


                                                                               Year-Over-Year Revenue Growth - INTERNATIONAL
                                                                               ---------------------------------------------

                                                         Q3 2015      Q4 2015             Q1 2016                   Q2 2016        Q3 2016      Q4 2016
                                                        -------      -------             -------                   -------        -------      -------

    Temporary and consultant staffing

    As Reported                                                -12.8               -7.2                                       0.5           8.6          7.0  0.8

    Billing Days Impact                                         -0.2               -1.0                                      -1.2          -1.2          0.3  1.5

    Currency Impact                                             16.1               12.6                                       5.2           1.5          1.5  3.0

    Same Billing Days and Constant Currency                      3.1                4.4                                       4.5           8.9          8.8  5.3
                                                                 ---                ---                                       ---           ---          ---  ---


    Permanent placement staffing

    As Reported                                                 -7.3               -7.8                                      -2.8          -0.3         -4.9 -1.3

    Billing Days Impact                                         -0.1               -1.0                                      -1.1          -1.1          0.2  1.4

    Currency Impact                                             16.3               12.3                                       5.9           2.2          1.3  2.8

    Same Billing Days and Constant Currency                      8.9                3.5                                       2.0           0.8         -3.4  2.9
                                                                 ---                ---                                       ---           ---         ----  ---


    Total staffing

    As Reported                                                -12.1               -7.3                                       0.0           7.2          5.3  0.5

    Billing Days Impact                                         -0.1               -1.0                                      -1.2          -1.1          0.2  1.6

    Currency Impact                                             16.1               12.6                                       5.3           1.6          1.5  2.9

    Same Billing Days and Constant Currency                      3.9                4.3                                       4.1           7.7          7.0  5.0
                                                                 ---                ---                                       ---           ---          ---  ---


    Protiviti

    As Reported                                                  1.2                6.0                                       5.4          17.3         15.2  0.7

    Billing Days Impact                                         -0.2               -0.4                                      -1.3          -1.3          0.3  1.5

    Currency Impact                                             15.4               11.3                                       3.9           1.5          1.1  3.1

    Same Billing Days and Constant Currency                     16.4               16.9                                       8.0          17.5         16.6  5.3
                                                                ----               ----                                       ---          ----         ----  ---


    Total

    As Reported                                                -10.7               -5.8                                       0.6           8.4          6.5  0.5

    Billing Days Impact                                          0.0               -0.7                                      -1.1          -1.1          0.2  1.6

    Currency Impact                                             16.0               12.4                                       5.1           1.6          1.4  2.9

    Same Billing Days and Constant Currency                      5.3                5.9                                       4.6           8.9          8.1  5.0
                                                                 ---                ---                                       ---           ---          ---  ---

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/robert-half-reports-fourth-quarter-and-year-end-financial-results-300397705.html

SOURCE Robert Half