RPO provider Hudson Global Inc. (NASD: HSON) reported first-quarter revenue rose 9.2% in constant currency. Revenue rose in the European region but fell in Hudson Americas and in the Asia Pacific region.

The New York-based firm rebranded in December to Hudson RPO, completing a strategic realignment process launched several years ago to focus on its core recruitment process outsourcing business. The company sold all of its recruitment agency and talent management businesses in three separate transactions that closed at the end of March 2018.

The company reported a net loss of $1.9 million, which includes net loss from continuing operations of $2.9 million and income from discontinued operations of $13.6 million related to the sale of the recruitment and talent management businesses.

Gross profit in the Americas region decreased 15% year over year; gross profit fell 12% to $2.8 million. Weaker volumes in the media and life sciences sectors were partially offset by growth in financial services.

Revenue by geography

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“The Asia Pacific region once again led with the strongest performance while results in Europe and the Americas were mixed," said CEO Jeff Eberwein. “With a significant transition year in 2018 behind us, our global RPO business is now primed for growth. We have an exciting new client relationship starting in Australia in Q2 and several other new client wins ramping up in all three regions as the year unfolds.”

Eberwein also reaffirmed full-year 2019 guidance for year-over-year revenue and gross profit growth to exceed 10%.

Share price and market cap

Hudson shares were down 5.06% to $1.50 at 11:12 a.m. Eastern time; the company had a market cap of $ 50.29 million, according to FT.com.