Kforce (KFRC) Tops Q3 EPS by 1c, Offers Q4 Guidance

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Kforce Reports Third Quarter 2022 Revenues of $437.6 Million; Technology Revenues Grew Approximately 16% Year-Over-Year and 50% Over the Third Quarter of 2020; Earnings Per Share of $1.09

October 31, 2022 4:02 PM EDT

 TAMPA, Fla., Oct. 31, 2022 (GLOBE NEWSWIRE) -- Kforce Inc. (Nasdaq: KFRC), a solutions firm that specializes in technology and other professional staffing services, today announced results for the third quarter of 2022.

Quarterly Financial Highlights

Revenue for the quarter ended September 30, 2022 was $437.6 million and increased 8.7% year-over-year. Excluding the impact of the planned run-off in the COVID-19 project-related business, overall revenue would have improved 10.7% year-over-year.Technology revenue increased 15.8% year-over-year.FA revenue decreased 28.0% year-over-year as a result of the planned... More