Hudson Global’s Q1 Revenues Drop Two Percent

May 2, 2014 – Hudson Global/(NASDAQ:HSON) has posted first quarter 2014 revenues of $161.9 million, down 2.3 percent from $165.7 million the same period the prior year. The company recorded a net loss of $4.5 million, or $0.14 per basic and diluted share, compared with net loss of $8.2 million, or $0.25 per basic and diluted share, for the first quarter of 2013. “The progress we are making in our transformation was even more evident in the first quarter as we again delivered sequential improvements and achieved year-over-year quarterly gross margin growth,” said Manolo Marquez, chairman and CEO. “As we execute our plans we will continue to take further actions to sharpen our focus, invest in our core and build strong momentum in our performance.” Hudson is a global talent solutions company with expertise in leadership and specialized recruitment, contracting solutions, recruitment process outsourcing, and talent management.