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View All NewsCTPartners executive search net revenue up 40%; rises across geographies, segments
CTPartners Executive Search Inc. (NYSE MKT: CTP) reported net revenue rose 39.6 percent year over year in its third quarter to $45.4 million. Revenue rose across regions and segments.
Net income at the New York-based firm rose to $1.4 million from $502,000 in the year-ago quarter.
Quote
“We continue to invest in expanding our geographic footprint enhancing our ability to service our clients across the globe,” said CEO Brian Sullivan. “The recently announced binding letter of intent to acquire Neumann will allow us to further scale our European operations while establishing a presence in the pivotal German executive search market.”
Revenue
Q3 2014 ($000s) | Q3 2013 ($000s) | % growth | |
Net revenue | $45,439 | $32,553 | 39.6% |
Revenue by geography
Q3 2014 ($000s) | Q3 2013 ($000s) | % growth | |
North America | $25,896 | $18,686 | 38.6% |
Europe, the Middle East and Africa | $11,457 | $8,596 | 33.3% |
Asia Pacific | $3,732 | $1,628 | 129.2% |
Latin America | $4,354 | $3,643 | 19.5% |
Revenue by practice area
Q3 2014 ($000s) | Q3 2013 ($000s) | % growth | |
Financial services | $11,561 | $8,835 | 30.9% |
Technology/media/telecom | $6,157 | $2,746 | 124.2% |
Life sciences | $9,103 | $6,261 | 45.4% |
Professional services | $7,765 | $6,521 | 19.1% |
Consumer/retail | $5,589 | $4,459 | 25.3% |
Industrial | $5,264 | $3,731 | 41.1% |
Supplemental information
Q3 2014 | Q3 2013 | % growth | |
Number of new search assignments | 445 | 341 | 30.5% |
Number of executive search consultants | 142 | 120 | 18.3% |
Net income
Q3 2014 ($000s) | Q3 2013 ($000s) | % growth | |
Net income attributable to CTPartners | $1,301 | $658 | 97.7% |
Guidance
CTPartners expects fourth-quarter net revenue to be in the range of $41.0 million to $43.0 million.
Share price and market cap
Shares in CTPartners fell 0.10 percent in early afternoon trading today to $19.63; the company had a market cap of approximately $142.26 million, according to Yahoo!