Kelly Services Inc. (NASDAQ: KELYA) reported second-quarter revenue fell 0.2% on constant currency; however, US revenue rose 1.0%.Results include the acquisitions of NextGen and Global Technology Associates in January. The firms provide engineering staffing to the US telecommunications industry. Excluding the acquisitions, revenue fell 4.2% in the second quarter, or 3.1% in constant currency.The Troy, Michigan-headquartered company also noted lower volume in light industrial and office services in its Americas markets that was offset by increases in professional/technical specialties.“We continued to effectively manage costs and successfully integrated our two recent acquisitions that are outperforming expectations and making a strong impact on our business,” President and CEO George Corona said in a statement. “Our focus for the remainder of the year is on advancing our specialty talent solutions strategy to further accelerate the growth of our business.”Separately, Kelly Services also reported today that Corona will step down from those roles at the end of the September, and Peter Quigley will take over the reins as of Oct. 1. (US$ millions)
Q2 2019
Q2 2018
% change
% constant currency
Gross profit
Gross margin
Net earnings

The company reported the favorable impact of $1.07 per share in the second quarter due to the noncash after-tax gain on its investment in Persol Holdings common stock compared to a loss of 94 cents per share in the year-ago quarter.Second-quarter 2019 earnings per share also benefitted from the gain on the sale of assets, net of tax of 23 cents per share.
Revenue by segment (US$ millions)
Q2 2019
Q2 2018
% change
% constant currency
Americas staffing
Global talent solutions
International staffing

Global talent solutions revenue includes RPO, business process outsourcing, talent fulfillment and other services.
Revenue by geography (US$ millions)
Q2 2019
Q2 2018
% change
% constant currency
United States
Puerto Rico
Europe, Middle East and Africa
United Kingdom
Other EMEA
Asia Pacific
Total APAC

GuidanceKelly Services forecast third-quarter revenue to range from down 0.5% to up 0.5% year over year. And it forecast full-year revenue to range from flat to up 1.0%.
Share price and market capShares in Kelly were down 1.06% to $26.98 as of 11:16 a.m. Eastern time; the company had a market cap of $1.07 billion, according to
Source: Staffing Industry Analysts
Second-quarter Kelly Services revenue falls 0.2% in constant currency


Distinctive Workforce Solutions is a Global Vendor Management, Managed Services company. With over 680 staffing suppliers worldwide, we support 5 continents and over 150 brands.  Read more about us ->


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At just the age of 14 years old, Jean-Paul Renard was handing out flyers on the corner of 42nd street and Madison Avenue in New York City for Distinctive Temps that read “NEED A JOB?” Who would have thought, that years later Mr. Renard would become the President of Distinctive Personnel, Co-Founder of Distinctive Workforce Solutions and go on to develop an exclusive, state-of-the-art Vendor Management software called ManageRight®

Mr. Renard spearheads the global operations of Distinctive Workforce Solutions including its subsidiaries: ManageRight, Distinctive Personnel and Insignium Search. Mr. Renard creates the vision for each company and works collectively with his colleagues to execute legendary results. As a proud Chilean American and a New York City native, Mr. Renard is very active in the city’s thriving community and has built a successful company in what some people call, “the toughest business town in the world.”

With humble beginnings, Mr. Renard was raised in the St. George projects in New York City. Mr. Renard is an advocate for the empowerment of people, providing awareness to his community and stands firm in his message that all is possible when you believe. “You are only as limited as the limits you impose on yourself,” says Mr. Renard. Mr. Renard is married and proud father of 3 boys. Mr. Renard admits that the inspiration to be great comes from his family.

“My family is my life and I grateful that I have been blessed to have them. They simply make me a better person.”

As one of his many accomplishments, Mr. Renard sits on the Board of Directors for the New York Staffing Association and participates in half a dozen boards as an advisor. Mr. Renard contributes to several business publications, and is the host of the very popular video blog, Jobs Across America.

Distinctive Workforce Solutions is the fastest growing Managed Service Provider in the nation. Now crossing over 4 continents, Mr. Renard and his brother, Gonzalo Vergara, aspire to be the most successful Minority Business Enterprise/ Service Disabled Veteran Organization, Managed Service Provider in the World.

Jean-Paul Renard blogs at and regularly tweets. If you would like to contact him directly, email: