Robert Half: Better Staffing Trends, But Protiviti Still Keeps Me Neutral

Robert Half International (RHI) remains a hold as total revenue growth has yet to turn positive and Protiviti's weakness persists. Staffing segment shows credible sequential improvement, especially in technology, with two consecutive quarters of positive same-day, constant-currency growth. Protiviti faces structural headwinds from reduced regulatory enforcement, leading to a 4% y/y revenue decline and ongoing uncertainty.