FINANCIALS: Revenue rises at Hudson Global thanks to APAC growth

Global talent solutions company Hudson Global has seen revenue increase 7.7% year-on-year led by strong growth in Asia-Pacific.

Results for the quarter to 30 September reveal revenue of $17.1m (£13.2m) - up 7.7% on the third quarter of 2017.

However, the group saw gross profit decrease 2.6% to $10.9m over the quarter with a net loss of $0.9m, compared to net loss of $0.8m in Q3 2017.

Commenting in the group’s performance, CEO Jeff Eberwein said: “Similar to last quarter, the Asia Pacific region produced the strongest growth, while year-over-year comparisons for the Americas and Europe continued to be impacted by a large global contract that ended in the third quarter of 2017.

“This year has been one of significant transition for Hudson with tremendous focus on creating our own structures, systems and processes following our separation from the legacy businesses we sold in March. Importantly, we have also focused intensively this year on reducing the corporate costs left over from these legacy businesses.

“Looking to the future, we are very excited about our pipeline of potential new business opportunities and the business we are building. As the only publicly-traded, pure-play RPO company, Hudson is uniquely positioned to capitalise on the fast-growing, global RPO market.”

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