CTPartners Posts 5.5 Percent Revenue Gain

November 12, 2012 – CTPartners Executive Search Inc./(NYSE:CTP) posted second quarter 2012 net revenue of $32 million, an increase of 5.5 percent from $30.3 million a year ago. Excluding a one-time reorganization charge, operating income was $413,289, or fully diluted earnings of $0.04 per share, which compares to operating income of $98,000, or fully diluted earnings per share of $0.01, last year. Brian Sullivan, CEO, stated: "During the quarter, we experienced strong contributions from our newer industrial and consumer practices which complemented the positive growth we saw in our life sciences industry practice. Financial services revenue was up slightly over last year demonstrating our ability to move quickly into market segments where executive recruitment services were in demand.”