RPO provider Hudson Global Inc. (NASDAQ: HSON) reported first-quarter revenue rose 58.0% year over year in constant currency with the fastest growth in the Americas, though CEO Jeff Eberwein noted growth across all regions at the Old Greenwich, Connecticut-based company.
“Globally, the demand for our services remains robust, and we expect to continue to deliver strong growth going forward,” Eberwein said.
| (US$ thousands) | Q1 2022 | Q1 2021 | % change | % constant currency |
| Revenue | $51,917 | $34,461 | 50.7% | 58.0% |
| Gross margin | 49.3% | 36.9% | ||
| Net income/loss | $3,019 | ($203) | nm |
Earnings include Hudson’s acquisitions of Coit and Karani in 2020 and 2021. The company said strong organic growth and the acquisition of Karani bolstered growth in its Americas business.
Revenue by geography
| (US$ thousands) | Q1 2022 | Q1 2021 | % change | % constant currency |
| Hudson Americas | $14,611 | $4,561 | 220.3% | 220.3% |
| Hudson Asia Pacific | $31,133 | $25,340 | 22.9% | 30.4% |
| Hudson Europe | $6,173 | $4,560 | 35.4% | 39.7% |
Share price and market cap
Hudson shares were up 13.82% to $34.76 as of 11:52 a.m. Eastern time; they were 17.41% below their 52-week high, according to FT.com. The company had a market cap of $85.7 million.