Barrett Business Services, Inc. (NASDAQ:BBSI) is a leading provider of business and management consulting services to small- and mid-cap companies. For Q2 2022, the company reported earnings and revenue grew by 22% and 32% respectively. Investors seek growth stocks to capitalize on the above-average growth in financials that help these securities grab the market’s attention. In this article, we will analyze the performance of BBSI and provide predictions into future performance.
BBSI is a middle-market professional employer organization (PEO) that provides human resource services and business solutions to primarily small and mid-sized businesses in the United States. The company operates through two segments, Professional Employer Services and Specialty Services. It offers solutions such as payroll processing, human resource management, employee benefits, workers' compensation services, and staffing solutions.
In Q2 2022, the company reported earnings and revenue grew by 22% and 32% respectively. Net income was $2.2 million, compared to $1.8 million in Q2 2021. The company reported cash flow from operations of $3.66 billion, up 9% from the same period last year. The company's strong performance in Q2 was driven by strong demand for its services, as well as increased efficiency and cost-saving initiatives.