Hudson Global Q3 revenue up 15.9%
The third quarter revenue of Recruitment Process Outsourcing (RPO) provider Hudson Global rose by 15.9% to $48.7 million, with its American segment posting the fastest growth.
In its latest market report, the firm said that its revenue grew organically in America largely due to its acquisition of Chicago-based recruiting firm Karani last Q4 2021.
However, despite this growth, the company reported a slowdown in project RPO and tech hiring. Hudson CEO Jeff Eberwein said that they are expecting this phenomenon to continue into 2023.
But Eberwein countered that despite these headwinds, “activity at most existing clients remains robust, and our sales pipeline is heavily focused on the healthcare sector.”
Meanwhile, Hudson Global’s share value dipped 15.62% to $30.22. Economic newspaper Financial Times said that the firm is 39.80% above its 52-week low. The company has a market cap of $101.1 million.
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