TMP Worldwide reported record-breaking fourth quarter 2000 and year-end results. Total commissions and fees for TMP Worldwide increased 45% to $351.9 million for the fourth quarter ended December 31, 2000, up from $243.2 million in the fourth quarter of 1999. Adjusted net income for the fourth quarter was $38.0 million, up 305% from $9.4 million for the same period in 1999. TMP Worldwide's strong cash position of $572.1 million at December 31, 2000, reinforced by the continued success of Monster.com and TMP's Intern-to-CEO client service strategy, has poised the company for further success in 2001.
Total company gains in commissions and fees and net income were once again led by the continued strong growth of Monster.com, the flagship product of the TMP Interactive division. Total commissions and fees for TMP Interactive were $142.1 million for the fourth quarter ended December 31, 2000, a 150% organic increase over 1999's fourth quarter total and a 16% sequential increase over the $122.0 million for 2000's third quarter. Monster.com also posted an adjusted operating profit of $28.1 million on its commissions and fees of $117.2 million, for a 24% operating margin in the fourth quarter ended December 31, 2000.
www.monster.com
Strong growth for Monster - 03/2001
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