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February 28, 2010

CBIZ reports 8% growth

US consolidator CBIZ brought in $740 million in revenue in 2009, up 8 percent compared with 2008.

Same-unit revenue for the year dropped 5 percent, but newly acquired businesses contributed $89.9 million to revenue growth.

According to CBIZ, results for 2009 reflect the firm’s decision to discontinue several business operations focused on providing software and technology support for small businesses. The company plans to continue to invest in its IT staffing and outsourcing business.

CBIZ chairman and chief executive Steven Gerard predicts CBIZ revenue will grow revenue by 3 percent to 5 percent this year.


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