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View All NewsCTPartners’ Q1 revenue, placements rise
May 09, 2014
CTPartners Executive Search Inc. (NYSE MKT: CTP) reported revenue rose 36.6 percent in the first quarter to $39.9 million. The number of placements rose to 279 in the first quarter at the New York-based firm from 231 in the year-ago quarter. Average revenue per search rose 13 percent to $102,200 in the first quarter from $90,300 in the same quarter in the previous year.
Revenue
| Q1 2014 (000s) | Q1 2013 (000s) | % growth | |
| Net revenue | $39,870 | $29,183 | 36.6% |
Net income
| Q1 2014 (000s) | Q1 2013 (000s) | |
| Net income | $1,028 | -$2,032 |
Guidance
CTPartners anticipated second-quarter revenue of between $42 million and $45 million, a year-over-year increase of between 23 percent and 32 percent.
Share price and market cap
Shares in CTPartners rose 28.90 percent to $9.93 in late morning trading. The company had a market cap of $70.82 million, according to Yahoo!