Hudson Highland Group News Release (02/23/12)
Hudson Highland Group Inc. has announced financial results for the full year and fourth quarter ended Dec. 31, 2011. The company earned revenue of $222.7 million for the fourth quarter, an increase of 1.7% over the fourth quarter of 2010. Net income of $3.3 million compared with net income of $1.2 million for the fourth quarter of 2010. Revenue for the full year was $933.7 million, an increase of 17.5% from 2010. Net income of $10.9 million for the year compared with net loss of $4.7 million in 2010.
In 2011, Hudson Americas delivered one of its best-performing years, with gross margin increasing 29% compared with 2010. Temporary contracting gross margin for Hudson Americas increased 60 basis points to 22.2% in 2011.
Exclusive Guide to Factoring for Staffing Companies
Whether your firm needs working capital to hire new talent, maximize a marketing opportunity, or extend client payment terms, factoring allows staffing companies to convert unpaid invoices into cash today. Download now to get answers to the top 10 questions related to accessing working capital via invoice financing.