CTPartners Posts Flat Q2 Revenue

August 8, 2013 – CTPartners Executive Search Inc./(NYSE:CTP) posted second quarter revenues of $34.2 million, a one percent drop from $33.8 million in the prior year’s first quarter. North American revenue increased 1.7 percent to $21.7 million; EMEA was up 24.5 percent at $8.3 million, including a $0.9 million contribution from Augmentum Consulting Ltd; and Latin America was relatively flat at $3 million. Asia Pacific dropped to $1.2 million compared to $2.6 million in the prior year quarter. GAAP net loss attributable to the company for the second quarter was $0.4 million, or $0.05 per share, compared to a net loss of $0.3 million, or $0.05 per share for last year’s second quarter. 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.