Hudson Global Posts 16.3 Percent Revenue Decline

August 2, 2013 – Hudson Global/(NASDAQ:HSON) has posted second quarter 2013 revenues of $171.4 million, a decrease of 16.3 percent from the second quarter of 2012. The company recorded a net loss of $5.8 million as compared with net income of $0.4 million in the same period last year. “In the second quarter, our business began to stabilize and delivered sequential performance improvements. These are early indicators of progress in our efforts to return to profitability and achieve sustainable top and bottom line growth,” said Manuel Marquez, chairman and chief executive officer at Hudson. “Our results this quarter remained below that of a year ago, reflecting the challenges of implementing a transformation plan in a difficult macroeconomic environment.”