Industry: Business Services
Fortune Rank: 479
KELYA provides staffing services in the areas of office clerical, technical, light industrial, home care services, marketing, professional, management services and legal. For the 26 weeks ended 7/03/05, net sales rose 7% to $2.56B. Net income rose from $5.2M to $13.3M. Revenues reflect higher sales in all segments due to price increases and favorable exchange rates. Net income also reflects lower workers' compensation costs at U.S. Commercial Staffing.
Kelly Services, Inc. (Kelly) is a global temporary staffing company operating in 27 countries. Kelly's operations are divided into three principal business segments: U.S. Commercial Staffing; Professional, Technical and Staffing Alternatives (PTSA), and International. Along with traditional office services, Kelly assigns professional and technical employees in the fields of finance and accounting, education, engineering, information technology (IT), legal, science, healthcare and home care. Kelly offers staffing solutions to a diversified group of customers through approximately 2,600 stand-alone, customer onsite and co-located offices in the United States, the Americas, Europe and the Asia-Pacific region. For the fiscal year ended January 2, 2005 (fiscal 2004), U.S. Commercial Staffing revenue represented 47% of total Company revenue, PTSA revenue represented 21% and International revenue represented 23%.
Kelly Services achieved revenue of $4,314.80 million in 2010 but posted a loss of $-104.50 million.
Kelly Services's rank changes
The company's ranking in 2010 was a decline from 2009 when it was ranked 437th on the Fortune 500. The Previous ranking was based on its 2009 revenue of $5,517 million (a change of -1 million compared to 2010) and profits of $-82 million (a change of -23 million compared to 2010).
Another point of view
To many investors, profits are more important than revenue a company earns, If the Fortune 500 was ranked by profits instead of revenue then Kelly Services would be ranked 420th rather than 479th due to the fact it made a loss of $-105 million in 2010.
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* US$ Million
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