The Caldwell Partners International Inc. (TSX: CWL), a Toronto-based executive search firm, reported revenue rose 69 percent on a year-over-year basis to C$6.5 million (US$6.3 million) in its fiscal first quarter ended Nov. 30, 2010.

Contributing to the increase were investments in new offices, partners and better economic conditions, according to the company.

"Although we showed an operating loss, the investments we have made in growing our business have broadened our footprint, deepened our industry and functional expertise and extended our brand across North America," said CEO John Wallace. "We will continue to make these selective investments and reap the benefits of the expanded team and improved infrastructure in the years to come."

The Caldwell Partners posted a net loss of C$1.09 million (US$1.07 million) compared to a net loss in the year-ago quarter of C$1.17 million.

The Caldwell Partners International Inc. (TSX: CWL)
For the fiscal first quarter ended Nov. 30, 2010, compared with the same period in the previous fiscal year.
Revenue: C$6.5 million (US$6.3 million), +69 percent
Net loss: C$1.09 million (US$1.07 million) vs. net loss of C$1.17 million