Hudson Global Posts 17 Percent Revenue Drop in 2012

February 25, 2013 – Hudson Global/(NASDAQ:HSON) has posted fourth quarter 2012 revenues of $184.3 million, a decrease of 17.3 percent from the fourth quarter of 2011. The company recorded a net loss of $0.3 million, or $0.01 per basic and diluted share, compared with net income of $3.3 million, or $0.10 per basic and diluted share, a year ago. For the full year Hudson Global revenue of $777.6 million, a decrease of 16.7 percent from 2011. The company recorded a net loss of $5.3 million, or $0.17 per basic and diluted share, compared with net income of $10.9 million, or $0.35 per basic share and $0.34 per diluted share, in 2011. “2012 proved difficult to navigate by any measure. However, despite these market conditions, we were able to deliver positive EBITDA for the full-year, including restructuring charges,” said Manuel Marquez, chairman and chief executive officer at Hudson. “We took significant actions throughout the year with two goals in mind: manage through the tough economic environment and reposition the company to thrive during a global economic rebound.”

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