Hudson Highland Group Reports 2010 Fourth Quarter and Full Year Financial Results

Hudson Highland Group, Inc. HHGP today announced financial results for the fourth quarter and full year ended December 31, 2010. Hudson delivered net income of $1.2 million, or $0.04 per basic and diluted share, driven by strong revenue and gross margin growth, in the fourth quarter of 2010. The company achieved $219.1 million in revenue and $3.6 million in EBITDA during that period. These results were driven by 40 percent revenue growth in permanent recruitment and 17 percent revenue growth in temporary contracting, compared with the prior year quarter. Sequentially, revenue grew 9 percent and cash flow from operations in the quarter was $5.7 million.