Hudson Global (NASDAQ: HSON) reported Q1 EPS of $0.33. Revenue for the quarter came in at $16.2 million.

2018 First Quarter Summary

• Revenue of $16.2 million increased 15.9 percent from the first quarter of 2017, or 10.7 percent in constant currency.
• Gross margin of $10.2 million increased 1.5 percent from the first quarter of 2017, but declined 2.5 percent in constant currency.
• Net income of $10.7 million, or $0.33 per basic and diluted share, including income from discontinued operations of $13.6 million related to the sale of its recruitment and talent management businesses, compared with net loss of $1.3 million, or $0.04 per basic and diluted share, for the first quarter of 2017.
• Adjusted EBITDA* loss of $2.2 million, including $1.8 million of severance expense relating to the resignation of the former chief executive officer, compared with adjusted EBITDA loss of $0.2 million in the first quarter of 2017.

“Revenue growth in the first quarter was boosted by growth in Asia Pacific, while revenue was impacted by the loss of a global contract in 2017 in the Americas and Europe. We are pleased to have completed our recent divestitures and are focused squarely on the recruitment process outsourcing (“RPO”) business,” said Jeff Eberwein, chief executive officer at Hudson Global. “After a busy first month in this new role, I look forward to continuing to work closely with our global leaders, developing strong client relationships, driving growth in our RPO business, improving our cost structure and delivering improved performance going forward.”

For earnings history and earnings-related data on Hudson Global (HSON) click here.