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Davidson revenue up 5%, as consulting growth 'accelerates'

Davidson posted a 5% increase in revenue in the past financial year, but a rise in finance costs and a jump in depreciation and amortisation expenses pulled net profit back 36% to $5.5 million, its latest results show.

Temp revenue was up 4% to $208.2m and perm grew 10% year-on-year to $20.8m, according to the company's FY23 report, filed recently with ASIC.

Davidson Group CEO Trent McMahon says the company really "doubled down" in the past year on "accelerating our investment into the core/bench strength of our advisory and technology consulting business", and this is reflected in that division's revenue, which grew 33% to $9.5m...