Michael Page reported a slide in gross profits of seven per cent to £118.8 million (US$180.7 million) in its report on the fourth quarter. In a sign of how fast the current recession has descended on all industry sectors at the end of the first quarter of 2008, Michael Page reported a gross profit of £140.3 million, an increase of 33 per cent from the same period in 2007.

Andrew Wayland, CIO at Michael Page instigated a major IT investment programme at the beginning of the year to support the recruitment company's growth. New business intelligence and recruitment applications were selected for integration.