The Caldwell Partners International Inc. (TSX: CWL), a Toronto-based executive search firm, reported revenue rose 2.0 percent to C$7.42 million (US$7.48 million) in its fiscal first quarter ended Nov. 30.

“In a challenging business climate, we are gratified to have increased revenues by 2 percent year over year,” CEO John Wallace said in a press release. “Given the ongoing economic uncertainty — particularly in the United States — clients continue to be cautious relative to human capital investments.”

The company posted a first-quarter net loss of C$56,021 (US$56,459) compared to a net loss of $444,321 in the first quarter of last year.