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PeopleIn cracks $1 billion revenue mark

In what PeopleIn CEO Ross Thompson describes as a "bloody fantastic result", the company has posted revenue in excess of $1 billion for the first time and a solid lift in profit during FY23.

Its financial results, released today, show revenue jumped 73.9% year-on-year to A$1.18 billion in FY23, with growth largely driven by a 25.6% increase in organic demand for staffing services and the company's acquisitions of Perigon Group in February and FIP Group in June during FY22. Both companies delivered results "ahead of expectations" says Thompson.

Normalised EBITDA increased by 29.5% year-on-year to A$61.1 million, after allowing for non-recurring expenses such as acquisition costs and increased share-based payments to former proprietors of acquired entities that performed above expectation...