TMP Worldwide Internet Revenues Soar
TMP Worldwide Inc. in New York City, operator of a variety of classified ad Web sites, posted revenues of $72.99 million for the quarter ended March 31, compared to $45.98 million for the first quarter of 1997.
TMP Worldwide Inc. in New York City, operator of a variety of classified ad Web sites, posted revenues of $72.99 million for the quarter ended March 31, compared to $45.98 million for the first quarter of 1997.
TMP Worldwide Inc. in New York City, operator of a variety of classified ad Web sites, posted revenues of $72.99 million for the quarter ended March 31, compared to $45.98 million for the first quarter of 1997.
The company, which also operates recruitment and yellow page advertising agencies, also announced the acquisition of two European recruitment advertising agencies.
Internet revenue for the quarter ended March 31, 1998, was $7.70 million, as compared to $3.77 million for the same quarter in 1997, an increase of 104%.
For the quarter, net income applicable to common and Class B common stockholders was $2.36 million or $0.09 per diluted share, compared to net income of $1.38 million or $0.06 per diluted share in the prior year.
“We had another strong quarter highlighted by the significant performance of our Interactive Division,” said Andrew J. McKelvey, chairman and CEO of TMP Worldwide. “The Internet has evolved into an essential component of the hiring process and we have been able to capitalize on this evolution by developing products that meet the needs of both job seekers and clients.”
“The quarter by quarter growth of our Internet revenues and traffic, attributable to the measurable results delivered by The Monster Board and Online Career Center, indicates our strategy is on target,” McKelvey added.
TMP Worldwide enters the German market for the first time with the acquisition of Wiesbaden-based Fossler & Partners, one of the largest recruitment advertising agencies in Germany. In addition, the company’s acquisition of Quadrant, a recruitment advertising agency in the Netherlands is its sixth in this country.
Combined, these two acquisitions represent approximately $2.0 million in annual commissions and fees, the company said.
More about:
Lucy helps organizations leverage knowledge for in... View Tech Talk
TVSquared is the global leader in cross-platform T... View Tech Talk
Grata is a B2B search engine for discovering small... View Tech Talk
Streaming has become a staple of US media-viewing ... Download Now
Data is the lifeblood of so many companies today. ... Download Now
This report documents the findings of a Fireside c... Download Now
Customers decide fast, influenced by only 2.5 touc... Download Now
Streaming has become a staple of US media-viewing habits. Streaming video, however, still comes with a variety of pesky frustrations that viewers are ...
View resourceData is the lifeblood of so many companies today. You need more of it, all of which at higher quality, and all the meanwhile being compliant with data...
View resourceThis report documents the findings of a Fireside chat held by ClickZ in the first quarter of 2022. It provides expert insight on how companies can ret...
View resourceCustomers decide fast, influenced by only 2.5 touchpoints – globally! Make sure your brand shines in those critical moments. Read More...
View resourceMarketers today need to thoughtfully select visuals that align with their content, boost SEO performance and drive ROI Read More...
View articleHow the sunglasses giant created subconscious brand recall value with music festival-goers through the power of strategic partnerships and experientia...
View articleIn life, as much as on LinkedIn (or Facebook, Twitter, etc.) people and brands who blabber on about themselves become annoying and best avoided, soone...
View articleBuilding trust in your brand is hard enough. Now take a situation where your audience is so cynical of your product offering some of them even call fo...
View articleThere is room for better lead capturing as ABM evolves in a cookieless world Read More...
View articleTop-of-mind action points that will be valuable to challenger brand marketing for the rest of 2021 and 2022 Read More...
View articleOmnichannel marketing presents an opportunity to marketers but requires better use of data Read More...
View articleThe dark horse your business needs to outperform competition and win at search Read More...
View article