Monster Worldwide (NASDAQ:MNST), the online recruitment powerhouse, is in the middle of a highly competitive marketplace, but it still has enough clout to keep the company's revenues humming along smoothly. While domestic growth has been impressive, this Fool thinks that the international market will eventually dwarf the U.S market, and Monster's already making strong headway abroad. Furthermore, the company isn't afraid to experiment, as its newspaper deal in Philadelphia shows. In my opinion, that mix of growth and flexibility is a rare combination.

This quarter is further proof of Monster's success. Revenues were up 36% year over year to $296 million, while net income came in at $40 million. Due to the company reviewing the options grants from 1996-2002 for what will most likely be material net income restatements, it did not provide year-over-year comparisons for earnings. Still, the big picture for this company remains unchanged.

Monster International grew 62% year over year, and now contributes 26% of revenues. The markets in China, India, South Korea, the U.K., and Germany are enormous, all with large labor pools and quickly growing Internet access, and Monster.com is the leader in most if not all of these regions. China is a bit of a dead heat at this point, with Monster neck-and-neck with Yahoo!'s (NASDAQ:YHOO) HotJobs. But investors should be salivating at the possibilities for growth in India, as IT outsourcing companies like Infosys (NASDAQ:INFY), Wipro (NYSE:WIT), and even the mighty IBM (NYSE:IBM) seek to hire tens of thousands of employees in the next few years.

What's more -- and I find this a highly contrarian move -- the company signed a deal with Philadelphia Media Holdings to advertise job listings in a newspaper. What? Aren't Craigslist and other online job sites supposed to be destroying this sales channel? Monster sees an opportunity to make friends with the newspaper industry and further expand its reach into the local market. After all, what does it have to lose by placing its respected brand into another key sales channel? Management characterized this as a clear experiment on the conference call, and will eagerly observe how the deal plays out in the next year or so. It's a win-win situation, and quite amazing to see, considering that print classifieds and Internet ads have long been considered at odds. However, this has been changing from the newspapers' point of view as well, as they continue to derive more revenue from their online businesses.

While the stock is a touch expensive at a trailing P/E of 35 -- with still-unknown options restatements potentially on their way -- I believe that the future still looks bright for this fast-growing business.

For more Monstrous Foolishness, check out "A Monster of a Quarter."

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Fool contributor Stephen Ellis doesn't hold shares in any companies mentioned. You can see his holdings for yourself. The Motley Fool has an ironclad disclosure policy.