Recruitment Process Outsourcing provider Hudson Global Inc. (NASD: HSON) reported third-quarter revenue rose 11.6%. The US-based firm reported the Asia Pacific region produced the strongest growth while the Americas and Europe continued to be affected by a large global contract that ended in the third quarter of 2017.

The company said growth in Asia Pacific was driven by new client wins as well as higher volumes at existing clients; growth was particularly strong in China, Hong Kong and Singapore. In the Americas, growth in financial services and life sciences was offset by lower volumes elsewhere.

Revenue by geography was as follows.

Net loss at the company increased to $870,000 from $848,000 in the year-ago quarter. The results in the third quarter of 2018 included a net loss from continuing operations of $500,000 and a net loss from discontinued operations of $400,000 related to the sale this year of its recruitment and talent management businesses.

“This year has been one of significant transition for Hudson with tremendous focus on creating our own structures, systems, and processes following our separation from the legacy businesses we sold in March,” CEO Jeff Eberwein said. “Importantly, we have also focused intensively this year on reducing the corporate costs left over from these legacy businesses.”

In trading yesterday Hudson Global shares closed at $1.52, down 2.56% on the day and 17.83% above the 52 week low of $1.29 set on 14 December 2017. Based on its current share price the company has a market value of $48.69 million.