Hudson Global revenue up 58.0% in Q1, Americas region leads growth


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 The company had a market cap of $85.7 million.