Hudson Global’s Revenues Fall 8.2 Percent

May 22, 2012 – Hudson Global/(NASDAQ:HSON) has posted first quarter 2012 revenues of $200.6 million, down 8.2 percent from $218.5 million the same period the prior year. The company recorded a net loss of $3.2 million. During the quarter the company also changed its name from Hudson Highland Group to Hudson Global. “After making significant progress in 2011 towards our long-term goals, we have initiated the next phase of our strategic transition,” said Manuel Marquez, chairman and chief executive officer. “We will take action to accelerate investment in our growth businesses, optimize the Hudson service delivery model, and extract synergies from our back office and business processes.”