SThree PLC (LON:STEM) said profit before tax for the year to November 30 is estimated to be marginally above the top end of the range of market expectations.
The recruiter said it has been encouraged by the increasing levels of activity seen during the quarter, despite continuing uncertainties surrounding the pandemic.
There has been a “notable” improvement in the performance of the US and German businesses, with high levels of demand in Life Sciences and Technology through October and early November.
In the second and third quarters, net fees slid by 12% and 14% respectively due to the pandemic.
In September, the AIM-listed firm brought back all of its staff from furlough, with previously claimed furlough support from the UK government of £600,000 to be repaid.
At the end of August, the firm had £39mln in the bank with total accessible liquidity of £144mln.
Analysts at house broker Liberum raised the target price to 450p from 420p to 450p following the stronger than expected trading.
Shares rose 3% to 314p on Monday morning.
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