Labor shortage boosts Kforce results
October 30, 2019 - Kforce (Nasdaq: KFRC), a Tampa staffing firm, reported net income of $14.9 million, or 64 cents a share, on revenue of $345.6 million for the three months ended Sept. 30. Revenue increased 5.8 percent from Q3 2018, although net income dropped from $16.2 million in the year-ago quarter. Tech Flex, the company's largest business, benefitted from longer assignment durations, believed to be related to the acute labor shortage, especially with highly-skilled technology resources, David Dunkel, chairman and CEO, said in a news release.