May 15, 2011 – CTPartners Executive Search Inc./(NYSE:CTP) posted first quarter 2011 net revenue of $30.5 million, an 18.3 percent increase from $25.8 million a year ago. Revenues increased 64.6 percent in North America, 23 percent in Europe and 12.4 percent in Asia-Pacific. There were 300 confirmed searches in the first quarter of 2011, a 17.2 percent increase compared to the first quarter of 2010. Productivity, defined as average annualized net revenue per executive search consultant, was in line with the prior year. The average fee per search was $89,540 in the first quarter of 2011 compared to $104,020 in the corresponding period in 2010. 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.
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