51job Accelerates to Get the Job Done
There are no signs of slowing down at 51job (NASDAQ: JOBS). The Shanghai-based provider of online recruitment services came through with its fifth consecutive quarter of accelerating growth, posting another period of better-than-expected financial results after Thursday's market close. The stock finds itself within spitting distance of the all-time high it hit less than a month ago.
Revenue clocked in at a record $109.5 million, up 22.4% since the prior year's showing. 51job was only targeting $101 million to $104 million for its top line. A company posting year-over-year growth of 22.4% may not seem like much in light of China's glitzier dot-com darlings, but this is actually the heartiest revenue uptick at 51job since 2011.
The pace of 51job's top-line growth continues to accelerate. It went from posting 10.2% growth during the second quarter of last year to 13.3%, 13.6%, 16%, 20.3%, and now 22.4% in subsequent periods.
Source: Fool.com
