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View All NewsHudson revenue falls in Q2, announces $7 million in restructuring
July 31, 2014
Hudson Global Inc. (NASD: HSON), a New York-based professional staffing firm, reported revenue fell 2.3 percent in the second quarter to $167.4 million. The company also announced $7 million in restructuring charges over the next 12 months.
Second-quarter gross margin improved to 37.5 percent from 35.3 percent in the year-ago quarter.
Hudson is proceeding with plans to explore the sale of its Legal eDiscovery business.
Revenue
| Q2 2014 (000s) | Q2 2013 (000s) | % growth | % constant currency | |
| Revenue | $167,365 | $171,360 | -2.3% | 4.4% |
Revenue by geography
| Q2 2014 (000s) | Q2 2013 (000s) | % growth | |
| Hudson Americas | $26,263 | $37,327 | -29.6% |
| Hudson Asia Pacific | $65,101 | $62,869 | 3.6% |
| Hudson Europe | $76,001 | $71,164 | 6.8% |
Gross margin
| Q2 2014 | Q2 2013 | |
| Gross margin | 37.5% | 35.3% |
Net income
| Q2 2014 (000s) | Q2 2013 (000s) | |
| Net income | -$4,374 | -$5,811 |
Share price and market cap
Shares in Hudson fell 3.05 percent in early afternoon trading to $3.82. The company had a market cap of $125.6 million.