Hudson Highland Group Posts Nine Percent Revenue Gain
May 11, 2010 – Hudson Highland Group, Inc./(NASDAQ:HHGP) has posted first quarter 2010 revenues of $180.1 million, an increase of 9.1 percent from $165.2 million for the first quarter of 2009. The recruiting company recorded a net loss of $4.1 million, or $0.16 per basic and diluted share, compared with net loss of $14.8 million, or $0.59 per basic and diluted share, during the same period a year ago. “We are particularly encouraged by the growth in our U.K. and Asian operations during the period,” said Mary Jane Raymond, executive vice president and CFO. “In markets where demand was somewhat less robust at this stage of the recovery, we still delivered improved profitability over the prior year period as a result of previous cost reduction actions.”