CTPartners Posts 32 Percent Revenue Increase for 2014
April 16, 2015 – CTPartners/(NYSE:CTP) posted 2014 revenues of $172.5 million, compared to revenues of $130.3 million a year earlier, a gain of 32.4 percent. Full-year revenues by region were: North America rose 58.1 percent to $100.2 million from $78.1 million the year before; EMEA increased 24.8 percent to $42.8 million compared to $32.6 million; Asia Pacific was up 7.8 percent to $13.4 million from $6.9 million; and Latin America increased 12.5 percent to $15.9 million from $12.5 million last year. Two-thirds of the company's revenues came from three practice sectors: financial services (30 percent), life sciences (18 percent), and professional services (17 percent). The company engaged in 1,742 search assignments in 2014, a 25 percent increase. CTPartners said as part of its financial statement release that the company was continuing its review of "strategic alternatives" with a view to maximizing shareholder value, including the previously announced unsolicited bid from rival DHR International to acquire the company.