Adecco posts 34% jump in revenue, unveils deal

Article Abstract:

Adecco SA posted an increase of 34% in its revenue for 1998. The company also announced its agreement to purchase Delphi Group PLC, a technology-services firm based in the UK. In 1998, Adecco posted 406.4 million Swiss francs ($286.7 million) in net income for 1998. This was a 35% increase from 1997. The company will be acquiring Delphi in a 167 million ($273 million) deal. The acquisition will make Adecco the top information-technology recruitment company in the world.

Comment:

Adecco to purchase Delphi Group PLC in a 167 mil pound sterling ($286.7 mil) deal

United Kingdom, Asset sales & divestitures, Acquisitions & mergers, Foreign operations, Sweden, Management consulting services, Personnel Training & Consulting, Human Resources and Executive Search Consulting Services, Mergers, acquisitions and divestments, Computer services industry, Information technology services industry, Abstract, Business consultants, Management consultants, Adecco S.A., Employee training, Delphi Group PLC

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U.S. search firm expects its results to top estimates

Article Abstract:

Heidrick and Struggles International Inc. is expecting to post 45 cents (47 European cents) per diluted share in net income for the 2000 second-quarter. The company posted a 40% rise in revenues for the period.

United States, Heidrick and Struggles International Inc.

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Vedior NV

Article Abstract:

Vedior N.V. posted flat profits for the 2003 first quarter. The company posted 48 million euros in pretax profits for the period, compared to 47 million euros in the same 2002 period.

Netherlands, Company sales and earnings, Company earnings/profit, Vedior N.V.

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