March 22, 2012 – CTPartners Executive Search Inc./(NYSE:CTP) posted fourth quarter 2011 net revenue of $27.2 million, a decrease of 1.8 percent from $27.7 million a year ago. A decrease in the Asia Pacific and EMEA regions were partially offset by an increase in North America. The financial services practice contributed to most of the firm’s decrease in both regions. For the year, CTPartners firm posted net revenues of $121.1 million, an increase of 6.5 percent, compared to $113.7 million in 2010. “We are pleased with a number of elements of our 2011 performance,” said Brian Sullivan, CEO. “In looking ahead, we have identified key components to reduce our expense base which we believe will add to our profitability and create an operating profit in 2012, even in this challenging economic environment.” 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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