Hudson Global Posts Flat Revenues

November 3, 2014 – Hudson Global/(NASDAQ:HSON) has posted third quarter 2014 revenues of $163 million, flat year-over-year. During the quarter, Asia Pacific reported a 15 percent gross margin growth on a year-over-year basis, helped by 27 percent growth in China. Gross margin in the U.K. and Europe remained largely flat despite strong performances in Belgium and Spain, with 15 percent and 31 percent year-over-year gross margin growth respectively. Manuel Marquez, chairman and chief executive officer at Hudson, said: “As we approach profitability, the delivery on our targets is still highly sensitive to variations in our top line and business mix, but we expect that the actions taken will bring substantial improvement and help us deliver sustained value growth for our stockholders.” Hudson is a global talent solutions company with expertise in leadership and specialized recruitment, contracting solutions, recruitment process outsourcing, and talent management.