STHR30 Jan 2012 07:25
Operational Highlights
· A strong performance given the changing market sentiment during the year;
· Non-UK&I share of gross profit increased significantly to 63% (2010: 59%), with the trend expected to continue as the Group becomes ever more international;
· New offices opened in Doha, Antwerp, Sao Paulo, Zurich, Luxembourg, Mumbai, Chicago, Boston and Moscow, bringing the Group total to sixty offices in seventeen countries;
· Permanent placements increased by 13.5% to 7,434 (2010: 6,551), with average fees growing strongly;
· Number of active contractors at year end increased by 7.6% to 4,692 (2010: 4,359), with average gross profit per day rates remaining strong;
· Contract versus Permanent mix of gross profit 48%:52% in favour of Contract (2010: 51%:49%);
· Continued sector diversification, with non-ICT(1) disciplines now representing 40% of total gross profit (2010: 38%);
· 78% of gross profit now derived from outside of the UK ICT market (2010: 76%);
· Total Group headcount at year end increased by 22.0% to 2,272 (2010: 1,863);
· Year end net cash and term investments of £55.6m (2010: £55.2m) reflecting continued strong cash generation;