Annual letter from our President & CEO
Kforce President & CEO Joe Liberatore recaps 2024 performance and outlines future goals
TAMPA, FL (March 2025) — Kforce navigated 2024 with perseverance and adaptability, partnering with our clients to undergo meaningful digital transformations. Our world-class technologists and internal experts executed mission-critical projects in data, AI, cloud, digital and app engineering.
These initiatives accelerated business for our clients in a relatively subdued operating environment. Our ability to deliver the right strategy and talent once again resulted in an industry-leading performance.
Kforce closed the year with $1.41 billion in revenue and increased dividends for shareholders for the sixth consecutive year.
Looking ahead to 2025 and beyond, we are well-positioned to help our clients tackle top-of-mind investments. Companies across all industries are highly focused on elevating their customer experience and digging into the foundational data practices needed to unlock the power of AI.
AI continues to be a significant focus for executive teams. You’d be hard pressed to find a CEO who isn’t fielding questions from investors and board members about how they’re using the latest technology to meet their transformation goals. Meanwhile, headlines around DeepSeek’s AI and the Stargate Project’s proposed data centers highlight the increasing role of innovative technologies in powering businesses.
We believe demand for and consumption of AI and related technology resources will only grow as efficiencies improve. This economic principal, known as Jevons Paradox, has played out time and again with technological advancements such as fuel-efficient cars and energy-efficient lighting. With this in mind, we’re deepening our internal expertise in these high-demand areas. Our technology and industry teams are helping companies understand how the latest trends in agentic AI, industry-specific cloud solutions and AI-powered code generation can drive business and help them outpace competitors.
Internally, our teams continue to maintain high performance levels and advance our enterprise priorities, laying a solid foundation for future profitability as revenues begin to rise. We are committed to the ongoing integration of all our capabilities across the full spectrum of our service offerings. We have made tremendous progress on the implementation of Workday, our future-state enterprise cloud application for human capital management and finance. We also continue to evolve our nearshore and offshore delivery capabilities, as highlighted by the opening of our India Development Center in January 2025.
Through it all, we are committed to operating as One Kforce, knowing that unity and integration bring us strength. Each of our strategic initiatives are transformational in nature and directly contribute to achieving our financial goals of generating greater operating margins when we return to $1.7 billion in annual revenue along with our standing goal of at least 10% operating margins at $2.1 billion in annual revenue.
Our reputation for providing top-tier technology talent solutions is well-established, and we are proud to have the highest overall Glassdoor rating within our peer group, along with repeated recognition as a Great Place to Work and Top Workplace. As we enter 2025, we are confident in our ability to create meaningful solutions for our clients, take additional market share and generate significant long-term returns for our shareholders.
I am deeply grateful for our team's performance, heart and resilience. Together, we have faced challenges head-on and emerged stronger. I look forward to the opportunities that await us as we continue to move Together Toward Tomorrow.
Sincerely,
Joe Liberatore, President and CEO
