Daily News
View All NewsHudson Global revenue rises 41% in constant currency
Second-quarter revenue at Hudson Global Inc. (NASDAQ: HSON) jumped 41.4% in constant currency. Gross margin also improved at the Old Greenwich, Connecticut-provider of recruitment process outsourcing.
“I am very proud of how well our team has responded to and capitalized on the rebound in demand for our services,” CEO Jeff Eberwein said. “I am also encouraged by our pace of new business wins so far this year as well as the robust growth of our sales pipeline.”
| (US$ thousands) | Q2 2021 | Q2 2020 | % change | % constant currency |
| Revenue | $39,674 | $24,573 | 61.5% | 41.4% |
| Gross margin | 38.0% | 36.3% | ||
| Net loss | ($122) | ($772) | nm |
Americas revenue at Hudson Global rose 139.0% in constant currency due to organic growth and the acquisition of Coit Group in the fourth quarter of last year.
Revenue by geography
| (US$ thousands) | Q2 2021 | Q2 2020 | % change | % constant currency |
| Hudson Americas | $5,366 | $2,206 | 143.2% | 139.0% |
| Hudson Asia Pacific | $28,801 | $18,833 | 52.9% | 31.8% |
| Hudson Europe | $5,507 | $3,534 | 55.8% | 39.1% |
Share price and market cap
Shares in Hudson were up 0.56% to $18.00 as of 11 a.m. Eastern time; they were 9.55% below their 52-week high, according to FT.com. Hudson had a market cap of $48.1 million.