Randstad Hldgs Nv (OTCMKTS:RANJF) Monster Worldwide Updates On Veterans Hiring

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Monster Worldwide has issued an update on veteran recruitment, hiring and retention on the heels of its acquisition by Randstad Hldgs Nv (OTCMKTS:RANJF) of Netherlands.

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In a report titled 2016 Veteran Talent Index, Monster says the hiring of veterans has improved over the last five years. The report further says that veterans continue to show confidence in their ability to land civilian jobs. This is because many veterans believe they possess skills that are relevant to the civilian job market.

It also turns out that mobile technology is having a big impact on veterans’ job search. Monster further said the non-profit sector has been instrumental in the last five years in advancing veteran hiring.

As such, Monster said 2016 Veterans Career Confidence measure has remained steady at 57 out of 100. The company explained that this is a slight decline from last year’s 58, but is still a positive indication. Monster conducted the survey in collaboration with Military.com.

Monster acquisition

The report on veteran hiring comes shortly after Randstad completed the acquisition of Monster for $429 million in a tender offer process. Before the acquisition, Monster stock was listed on the New York Stock Exchange under ticker symbol MWW.

Despite the acquisition, Randstad said Monster will continue running its affairs as a standalone company. Monster is in the business of connecting people and jobs.

3Q16 earnings

In its latest quarter, 3Q16, the company reported revenue from continuing operations of $144.8 million, down 13% from a similar period last year.

On segmental performance, Monster said its Careers operations in North America region contributed $99.7 million in revenue, down 16% YoY. But Careers operations in the international market generated $45 million in revenue, down 6% YoY.

For the bottom-line, the company posted EPS loss of $0.05, compared with EPS profit of $0.11 a year ago.

The stock of Randstad Hldgs Nv (OTCMKTS:RANJF), Monster’s new owner, is down nearly 20% YTD.

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