Hudson Global Posts 17 Percent Revenue Drop

May 8, 2013 – Hudson Global/(NASDAQ:HSON) has posted first quarter 2013 revenues of $165.7 million, down 17.4 percent from $200.6 million the same period the prior year. The company recorded a net loss of $8.2 million, or $0.25 per basic and diluted share, compared with net loss of $3.2 million, or $0.10 per basic and diluted share, for the first quarter of 2012. “Global market conditions continue to be harsh,” said Manuel Marquez, chairman and chief executive officer at Hudson. “As we expected, this had an impact on our first quarter 2013 results. Notwithstanding this, we are confident we are making good progress on our strategy. We believe our critical foundational work will ultimately allow us to better withstand the economic down cycles and serve as an engine for stronger performance in the future.”