Hudson Global Q3 revenue down on last year
30 October 2015
Year-on-year revenue has fallen 14% for global talent solutions provider Hudson Global, according to financial results for the third quarter ended September 30, 2015.
Fri, 30 Oct 2015
Year-on-year revenue has fallen 14% for global talent solutions provider Hudson Global, according to financial results for the third quarter ended September 30, 2015.
The results, published this morning, reveal Q3 2015 revenue was $110.0m (£71m), down by 14% in reported currency but up by 0.4% in constant currency on the same quarter last year.
Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) loss fell to $0.4m, compared with an adjusted EBITDA loss of $2.9m in Q3 2014.
The group also recorded a net loss of $2.1m but has cash of $36.4m, up 4.5% from Q2 2015 and a 94% increase from a year ago.
