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May 3, 2011

CBIZ sees slight growth in first-quarter

US firm CBIZ has reported growth in its first-quarter results with revenue of $209.9million for the quarter ended 31 March.

Revenue increased by $3million, from $209.4million in the first quarter of 2010. CBIZ said that revenue from newly acquired operations, net of divestitures, contributed $3 million or 1.4% to revenue growth in the first quarter, compared with the same period a year ago.

Same-unit revenue declined by 1.2%, or $2.5 million in the first quarter, the firm said. In the latest International Accounting Bulletin US survey CBIZ/MayerHoffman McCann’s revenue was estimated at $582million for year ended 31 December 2010.

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