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Hudson Global, Inc. reports developments tied to Hudson RPO, its global total talent solutions business. Company news commonly covers quarterly operating and financial results, conference-call updates, adjusted net revenue, adjusted EBITDA, cash position, corporate costs, and other performance measures used in its public releases.
Updates also include material agreements, shareholder voting matters, governance items, capital-structure disclosures, and expansion of Hudson RPO’s recruitment and talent-solutions platform. Recent company developments include the acquisition of Alpha Consulting Group in Japan, a recruitment services provider serving customers in IT services, technology, business services, and other sectors.
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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