Hudson Global Inc. (NASD: HSON) reported first-quarter revenue rose 10.7% in constant currency — the increase was 15.9% on a reported basis at the New York-based recruitment process outsourcing provider. Revenue growth was boosted by growth in Asia Pacific, but impacted by the loss of a global contract in 2017 in the Americas and Europe.

Net income improved to $10.7 million from a loss of $1.3 million in the same quarter last year, but included income from discontinued operations of $13.6 million related to the sale of its recruitment and talent management businesses.

On March 31 Hudson completed the sales of its recruitment and talent management operations in Europe and Asia Pacific to strategic buyers in three transactions. Hudson Global intends to focus on its growing, global RPO business going forward. 

The divested businesses are treated as discontinued operations, therefore the chart below is focused on the continuing operations of the RPO business for all periods presented. 

Last month, Hudson appointed board chairman Jeffrey Eberwein as CEO after former top exec Stephen Nolan resigned. 

“We are pleased to have completed our recent divestitures and are focused squarely on the recruitment process outsourcing (RPO) business,” Eberwein said.  “After a busy first month in this new role, I look forward to continuing to work closely with our global leaders, developing strong client relationships, driving growth in our RPO business, improving our cost structure and delivering improved performance going forward.”

In trading yesterday Hudson Global shares closed at $1.79, down 0.56% on the day and 42.06% above the 52-week low of $1.26 set on 12 July 2017. Based on its current share price the company has a market value of $56.09 million.