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.