Annual letter from our President & CEO 

Kforce President & CEO Joe Liberatore recaps 2023 performance and outlines future goals.

TAMPA, FL (March 2024) — 2023 reinforced what I’ve known to be true throughout my tenure as Kforce CEO: our firm is full of remarkably hard-working, dedicated, passionate experts. This excellent team, in partnership with our world-class technologists, helped our clients solve pressing needs and seize opportunity amid a challenging macroeconomic landscape. Their knowledge led to $1.5 billion in revenue and a 5.5% increase in dividends for shareholders.

Throughout 2023, companies were hungry to begin their AI journeys, enhance customer and employee experience, and refine their data governance. Our teams helped clients craft custom solutions to achieve meaningful progress in these and other highly desirable areas. We continue to hire industry- and practice-leading experts as we expect the demand for these solutions to only increase throughout 2024 and beyond.  

This year, we’re digging deep into technology and process enhancements that will make us even easier to do business with. Our multi-year, back-office transformation continues with the selection of Workday as our enterprise cloud application for human-capital management and financials. We are incredibly fortunate to partner with Workday and Microsoft, two companies at the forefront of investing in AI, which puts us in an ideal position to take advantage of these technologies as they become available.  

Moving forward, our clients and consultants will benefit from the advancements we’re making in our integrated strategy. We’re aligning our internal teams to provide the best experience to our customers, regardless of whether they’re interacting with our sales team, recruiters or professional services departments. This integrated, streamlined approach will help us address our clients’ challenges in an effective and cost-efficient manner while providing our consultants with a seamless experience. 

Worldwide, demand for technology enhancements will accelerate significantly with the further digitization of business and evolution of AI. Our technology business now accounts for 90% of firm revenue as we continue to broaden our service offerings beyond traditional professional staffing to include managed teams and project solutions. I have seen a lot of economic cycles in my 35-plus years in this business, and each one behaves a bit differently. What remains clear is that the broad and strategic uses of technology, including AI technologies, will play an increasingly instrumental role in powering businesses. We believe that AI and other technologies will drive demand for, rather than replace, technology resources. We are ideally positioned to meet that demand. Our core competency is rooted in the ability to identify and provide critical resources – real-time and at scale – to help world-class companies solve complex problems and competitively transform their businesses.  

As we look ahead to the opportunities and challenges of tomorrow, I am filled with optimism. Our steadfast dedication to innovation and continuous improvement will ensure we remain a trusted partner for our clients and consultants. I eagerly await seeing what we achieve next as we move Together Toward Tomorrow.