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Adecco first-quarter profit rises, beats forecasts

ZURICH (Reuters) - Adecco <ADEN.VX>, the world's largest staffing firm, posted a 3 percent rise in first-quarter net profit on Tuesday but cautioned revenue growth in 2008 would be below the group's long-term target of 7 to 9 percent.
Posted : Tue, 06 May 2008 05:21:00 GMT
Author : Reuters
Category : US (Business)
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ZURICH (Reuters) - Adecco , the world's largest staffing firm, posted a 3 percent rise in first-quarter net profit on Tuesday but cautioned revenue growth in 2008 would be below the group's long-term target of 7 to 9 percent.

Net profit rose to 137 million euros ($211.7 million), beating the average forecast of 122 million euros in a Reuters poll of 13 analysts.

(Reporting by Katie Reid)


(c) Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

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