FDM Group (Holdings) plc, a global IT staffing firm that works on the recruit-train-deploy model, reported revenue rose 14% in constant currency in the first half of the year. North America revenue grew 26.4% year over year.
“The group delivered a good performance during the first half of 2022, with strong trading in all of our operating regions and high levels of client demand, resulting in record levels of activity,” CEO Rod Flavell said.
Click on charts to enlarge.
The number of consultants placed with clients at the end of the first half increased 22% year over year to 4,703 at the London-based company.
Meanwhile, training completions in the first half were up 55% to a record high of 1,584 for the firm. There were 911 in training as of June 30, up from 569 in the same period last year.
FDM Group also reported it secured 30 new clients in the first half.
Revenue by geography
In North America, the number of consultants placed with clients was up 30% year over year to 1,405.
In the US, the company has centers in New York; Arlington, Virginia; Charlotte, North Carolina; and Austin, Texas. In Canada, the company has a center in Toronto.
Share price and market cap
Shares in FDM Group closed up 1.01% today in London to £900.00 (US$1,086.79); they were 12.50% above their 52-week low, according to FT.com. The company had a market cap of £972.9 million (US$1.17 million).