Robert Half has forecasted its second-quarter revenue to range between $1.31 billion and $1.41 billion, falling short of analysts' expectations of $1.46 billion. This subdued outlook underscores a cautious market environment amid economic uncertainties.

The company's first-quarter performance saw revenues drop to $1.352 billion, marking an 8% decline from the previous year. Net income took a significant hit, plummeting to $17 million, or $0.17 per share, from $64 million in Q1 2024. According to Insightia, these results reflect prolonged decision-making cycles in the market driven by apprehensions over U.S. trade and policy.

Robert Half's business segments reveal mixed performance, with Contract Talent Solutions revenues declining by 13% year-over-year in March and 12% in early April. Permanent Placement saw a 10% drop in March but showed signs of recovery in April with only a 2% reduction from the prior year. The company attributes these trends to cautious hiring practices in light of ongoing economic factors.