GVHR » Topics » Growth and Profitability: The Right Combination

This excerpt taken from the GVHR 8-K filed Jul 28, 2005.

Growth and Profitability: The Right Combination

 

Erik Vonk, Gevity’s Chairman and Chief Executive Officer stated, “As anticipated, we achieved the inflection point in the second quarter where sales production outpaced the combined attrition in both the core as well as the acquired client portfolios, producing net growth.”

 

Mr. Vonk added, “At the same time, reflecting our continuing strategy for achieving profitable growth, annualized operating income per paid client employee grew to $423 in the second quarter of this year from $351 in the same period last year, an increase of more than 20%.”

 

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