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View All NewsHudson Q3 revenue falls 2% but rises in constant currency
Hudson Global Inc. (NASD: HSON) reported third-quarter revenue edged down 1.7%, but rose 1.6% in constant currency. Net loss widened at the provider of staffing, recruitment process outsourcing and talent management solutions.
| (US$ thousands) | Q3 2016 | Q3 2015 | % change | % constant currency |
| Revenue | $108,136 | $110,028 | -1.7% | 1.6% |
| Gross margin | $43,542 | $45,145 | -3.6% | -1.4% |
| Gross margin percentage | 40.3% | 41.0% | -- | |
| Net loss/income | -$2,460 | -$2,084 | nm |
Quote
“We delivered solid gross margin growth in seven of our 10 markets in the third quarter, including Australia/New Zealand, Belgium, France and the Americas,” said CEO Stephen Nolan. “RPO gross margin continued to grow globally, led by the Americas, the UK and Australia, as we continued to deliver outstanding service and value to our clients.”
Revenue by geography
| (US$ thousands) | Q3 2016 | Q3 2015 | % change | % constant currency |
| Hudson Americas | $4,163 | $3,735 | 11.5% | 11.4% |
| Hudson Asia Pacific | $64,607 | $55,609 | 16.2% | 11.3% |
| Hudson Europe | $39,366 | $50,684 | -22.3% | -11.9% |
| Total | $108,136 | $110,028 | -1.7% | 1.6% |
Guidance
Hudson forecast fourth-quarter revenue will decline between 1.0% and 10.5%.
Share price and market cap
Shares in Hudson were up 0.66% in early afternoon trading today at $1.52. The company had a market cap of $49.78 million, according to Google.