Insperity's Sales Rise Along With Monthly Employee Revenue
Sales for human resources provider Insperity moved up 5.5% this quarter compared to the same time in 2012. The company attributed its growing revenue to a 1.7% boost in the average number of worksite employees paid per month, as well as a 3.6% increase in monthly revenues of said employees.
Insperity also, as CEO Paul Sarvadi explained in the press release, "achieved our goal of ramping up the number of trained Business Performance Advisors and the corresponding sales activity is following." Besides rising revenue, these changes were partly responsible for a 1.3% increase in operating expenses.
The boost in these expenses brought the company's operating income down to $17.1 million, compared to $19.1 million last year. Net income, meanwhile, dropped 11.9% from Q3 2012's $11.4 million, to $10 million. Cash-wise, Insperity has $161.8 million on its balance sheet, compared to last year's $264.5 million.
All in all, Sarvadi believes that the company is "well positioned for strong year-end sales, which will contribute to worksite employee growth in 2014."
The article Insperity's Sales Rise Along With Monthly Employee Revenue originally appeared on Fool.com.Fool contributor Caroline Bennett has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.