CTPartners Posts 32 Percent Revenue Increase

August 1, 2014 – CTPartners Executive Search Inc./(NYSE:CTP) posted second quarter revenues of $45.1 million, a 32 percent increase from $34.2 million in the prior year’s first quarter. North American revenue increased 27 percent to $27.6 million; EMEA was up 20 percent at $10 million compared to $8.3 million; Asia Pacific revenue grew 133 percent to $2.8 million compared to $1.2 million; and Latin America posted revenue of $4.8 million up 61 percent compared to $3 million. GAAP net income attributable to the company for the second quarter was $2.1 million, or $0.27 per share, compared to a net loss of $0.4 million, or $0.05 per share loss, for last year’s second quarter. Brian Sullivan, CEO, said: “The increased productivity of our seasoned consultants and initial contributions of our more recent hires and acquisitions support our confidence that our strong financial performance will continue. We will continue to invest in building the CTPartners brand globally and seek out quality consultants in our existing practices to build shareholder value over the long term.” CTPartners is a global executive search firm offering expertise in technology, media and telecom, financial services, life sciences, professional services, retail, industrial and board advisory services.