Welcome to our dedicated page for Hudson Global news (Ticker: HSON), a resource for investors and traders seeking the latest updates and insights on Hudson Global stock.
Hudson Global, Inc. (NASDAQ: HSON) is a premier provider of specialized recruitment and talent management solutions. The company plays a pivotal role in transforming workplaces by helping organizations and individuals reach their full potential.
Hudson Global offers a range of services, including Permanent Recruitment, Contracting, Recruitment Process Outsourcing (RPO), and Talent Management Solutions. Their Permanent Recruitment services utilize a dedicated team of consultants to select and place the best candidates for various roles. For Contracting services, Hudson Global provides project management, interim management, and professional contract staffing solutions tailored to meet client needs.
The company’s RPO services deliver both permanent and contracting outsourced recruitment solutions to businesses worldwide. Additionally, their Talent Management Solutions encompass a broad spectrum of services such as talent assessment, interview training, executive coaching, employee development, and outplacement services.
Hudson Global has earned recognition for its comprehensive services and robust client relationships. Recent achievements include high rankings in the Annual Client Satisfaction Survey for RPO providers in the APAC and EMEA regions. The company's current projects and initiatives consistently reflect their commitment to excellence and client satisfaction.
The firm’s financial health is solid, supported by a strategic approach to liquidity and capital resources. Hudson Global is actively engaged in various regions, including the Americas, and stands out for its exceptional investor relations, managed by The Equity Group. Key contacts include Lena Cati and Katie Murphy, who are instrumental in maintaining transparent and effective communications with investors.
For those seeking the latest news and updates on Hudson Global, the company remains active in releasing pertinent information regarding its performance, events, and strategic developments.
Hudson Global reported its fourth quarter and full year 2020 results, showing a revenue increase to $27.3 million, up 7.4% year-over-year. Adjusted net revenue fell 1.5% to $11.3 million, with a net income of $1.2 million, down from $1.5 million in Q4 2019. For the full year, revenues rose 8.1% to $101.4 million, but a net loss of $1.2 million was reported. The Americas segment saw a 20% revenue increase in Q4, but the full year reflected a 20% drop. The company noted challenges due to COVID-19 but sees signs of recovery, especially in life sciences and technology.
Hudson Global, Inc. (Nasdaq: HSON) will release its fourth quarter and full-year financial results for the year ending December 31, 2020, before market opening on March 11, 2021. A conference call to discuss these results is scheduled for 10 a.m. ET the same day, available live via webcast on the company's investor relations website. The company offers recruitment outsourcing and total talent solutions globally, emphasizing a tailored approach to meet clients' growth strategies. Archived content of the call will also be accessible post-event.
Hudson Global reported a net loss of $1.2 million in Q3 2020, a decline from a net income of $0.4 million in Q3 2019. Revenue dropped to $25.4 million, a decrease of 1.4% year-over-year. Adjusted net revenue declined by 20.4%, with the Americas region particularly affected, experiencing a revenue drop of 45%. The company's cash position was $29.7 million as of September 30, 2020. Despite challenges due to COVID-19, CEO Jeff Eberwein expressed optimism regarding their recent acquisition of Coit Group, which is expected to enhance their capabilities in the technology sector.
Hudson Global, Inc. (Nasdaq: HSON) will release its third quarter financial results on November 5, 2020, before the market opens. A conference call to discuss the results is scheduled for 10 a.m. ET on the same day, available via webcast on the company's investor relations website. As a global talent solutions provider, Hudson RPO focuses on delivering customized recruitment outsourcing and total talent solutions worldwide, aiming to meet clients’ strategic growth initiatives.
Hudson Global has acquired Coit Group, enhancing its presence in the tech sector and establishing a new office in San Francisco. Coit Group, a prominent RPO provider in the Bay Area, will now operate under Hudson RPO’s Technology Group with co-CEOs Joe Belluomini and Tim Farrelly. This acquisition aims to leverage Coit's expertise and Hudson's global reach to better serve clients, particularly in high-growth areas. The merger is viewed positively, potentially creating significant value for clients and shareholders through improved service offerings and market expansion.
Hudson Global, a leader in talent solutions, will present at the Sidoti & Company Virtual Investor Conference on September 24, 2020, at 12:15 PM ET. The event will also include investor meetings throughout the day. Interested parties can access the presentation live online via a dedicated weblink. A replay will be available for 90 days post-event. Hudson Global specializes in customized recruitment outsourcing and total talent solutions globally, aiming to meet client strategic growth needs.
Hudson Global, Inc. (HSON) will announce its second quarter financial results for the period ending June 30, 2020, before market opening on August 5, 2020. A conference call to discuss these results will take place at 10 a.m. ET on the same day, accessible via the company’s website. Interested participants can join by dialing (866) 220-5784 for U.S. calls or (615) 622-8063 internationally, with the conference ID 4565667. Hudson RPO offers tailored talent solutions globally, focusing on recruitment outsourcing and strategic growth for clients.
Hudson Global reported a strong first quarter, ending March 31, 2020, with revenue of $24.1 million, a 49.1% increase from 2019. Adjusted net revenue rose to $9.8 million, a 4.3% year-over-year growth. Improved net loss of $0.5 million per share from $1.9 million in Q1 2019, with adjusted net loss per diluted share at $(0.08). The company’s cash reserves stood at $26.5 million.
Despite strong performance, Hudson acknowledged the adverse effects of the COVID-19 pandemic on demand for services, including hiring freezes amongst clients.
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