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.