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CTPartners revenue up 32% in Q2

July 31, 2014

CTPartners Executive Search Inc. (NYSE MKT: CTP) reported revenue rose 31.8 percent in its second quarter to $45.1 million. The New York-based firm posted net income of $2.2 million compared to a net loss of $324,000 in the year-ago quarter.

Revenue

  Q2 2014 (000s) Q2 2013 (000s) % growth
Net revenue $45,113 $34,223 31.8%

Revenue by geography

  Q2 2014 (000s) Q2 2013 (000s) % growth
North America $27,565 $21,726 26.9%
Europe, the Middle East and Africa $10,021 $8,349 20.0%
Asia Pacific $2,769 $1,187 133.4%
Latin America $4,758 $2,962 60.6%

Revenue by practice area

  Q2 2014 (000s) Q2 2013 (000s) % growth
Financial services $13,141 $8,112 62.0%
TMT $6,046 $4,535 33.3%
Life sciences $7,788 $6,778 14.9%
Professional services $7,771 $5,753 35.1%
Consumer/retail $5,913 $5,359 10.3%
Industrial $4,454 $3,686 20.8%

Supplemental information

  Q2 2014  Q2 2013  % growth
Number of new search assignments 465 364 27.7%
Number of executive search consultants 136 121 12.4%

Net income

  Q2 2014 (000s) Q2 2013 (000s)
Net income $2,218 -$324

Guidance

Net revenue is expected to be in the range of $41.0 million to $43.0 million.

Share price and market cap

Shares in CTPartners rose 2.41 percent in early afternoon trading to $13.19. The company had a market cap of $94.1 million.