Hudson Global Inc. News Release (05/01/14)

Hudson Global Inc. reported revenues of $161.9 million for the first quarter of 2014, down 2.3% (1.4% in constant currency) from $165.7 million in the first quarter of 2013. The company reported a net loss of $4.5 million, compared with a net loss of $8.2 million in the year-ago period, amounting to a reduction of 59.8%.

Hudson Americas reported revenue of $26.9 million for the first quarter of 2014, down 27.7% from $37.2 million in the first quarter of 2013. Americas’ gross margin decreased 18% in the first quarter compared with the same period last year, driven primarily by a reduction of 28% in Legal eDiscovery and 7% in information technology staffing.