Hudson Global reports Q1 adjusted EPS (72c) vs. 22c last year

Reports Q1 revenue $33.9M vs. $43M last year. “As expected, our first quarter 2024 results were weak due to lower than normal hiring volumes at many of our clients,” said Jeff Eberwein, Chief Executive Officer of Hudson Global. “Although some of this weakness has continued into Q2, we expect hiring activity at existing clients to recover going forward and, importantly, new business wins over the last 12 months will begin to show up in our results in Q2 and be more fully reflected in the second half of 2024. Over the past six months we have reduced costs and repositioned the business for future growth and profitability. We have implemented numerous positive changes to the business, including optimizing the talent across our organization, expanding our geographic presence, and augmenting our service offering to existing and future RPO clients. Given our strong sales pipeline, I’m very excited about our growth potential.”