Hudson Highland Group Records 20 Percent Revenue Climb

February 13, 2011 – Hudson Highland Group, Inc./(NASDAQ:HHGP) has posted fourth quarter 2010 revenues of $219.1 million, a gain of 20 percent from $182.5 million for the fourth quarter of 2009. The recruiting company recorded net income of $1.2 million, or $0.04 per basic and diluted share, compared with net loss of $10.4 million, or $0.40 per basic and diluted share, a year ago. For the full year, Hudson Highland earned revenues of $794.5 million, an increase of 15 percent from $691.1 million for 2009. Net loss for the year was 4.7 million, or $0.16 per basic and diluted share, compared with net loss of $40.6 million, or $1.56 per basic and diluted share, last year. “Hudson delivered its fourth consecutive quarter of increasing year-over-year revenue and gross margin growth during the fourth quarter, led by continued strong growth in permanent recruitment and a double-digit increase in temporary contracting,” said Jon Chait, Hudson Highland Group's chairman and CEO. “Sequential results were also outstanding, indicating a strong trend going into 2011.”