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View All NewsHudson Global reports revenue up 27% in constant currency, cites performance in Asia Pacific, the Americas
Hudson Global Inc. (NASDAQ: HSON), a provider of recruitment process outsourcing, reported revenue rose 26.6% in constant currency in the first quarter. In the Americas, revenue increased 42.2% in constant currency.
| (US$ thousands) | Q1 2021 | Q1 2020 | % change | % constant currency |
| Revenue | $34,461 | $24,131 | 42.8% | 26.6% |
| Gross margin | 36.9% | 40.6% | ||
| Net loss | ($203) | ($511) | nm |
“Asia Pacific continued to perform well, and we are pleased about the recovery in our Americas results due to organic improvements made last year and the addition of our acquisition in 2020 of Coit Group,” CEO Jeff Eberwein said. “Although the recovery is uneven depending on country, we are seeing increased activity levels at our existing clients and an improving pipeline of potential clients.”
Revenue by geography
| (US$ thousands) | Q1 2021 | Q1 2020 | % change | % constant currency |
| Hudson Americas | $4,561 | $3,188 | 43.1% | 42.2% |
| Hudson Asia Pacific | $25,340 | $16,951 | 49.5% | 28.5% |
| Hudson Europe | $4,560 | $3,992 | 14.2% | 6.1% |
Old Greenwich, Connecticut-based Hudson reported the Covid-19 had an adverse impact on business in 2020. The company said it’s continuing to monitor the situation as it evolves.
Share price and market cap
Shares in Hudson Global were up 1.32% to $18.42 as of 11:51 a.m. Eastern time; they were 3.05% below their 52-week high set on April 8, 2021, according to FT.com. The company had a market cap of $48.9 million.