Hudson Global Inc. News Release (07/31/2014)

Hudson Global Inc. reported revenues of $167.4 million for the second quarter of 2014, down 2.3% (4.4% in constant currency) from $171.4 million in the second quarter of 2013. The company reported a net loss of $4.4 million, compared with a net loss of $5.8 million in the year-ago period.

Hudson Americas reported revenues of $26.3 million for the second quarter of 2014, down 29.5% from $37.3 million in the second quarter of 2013. Americas’ gross margin decreased 24% in the second quarter compared with the same period last year, driven primarily by a reduction of 45.0% in Legal eDiscovery and 19.0% in information technology staffing.