Heidrick & Struggles Inc. (NASD: HSII), a Chicago-based executive search provider, reported first-quarter net revenue rose 7.9 percent to $111.1 million from $103.0 million in the first quarter of the previous year.

Executive search and leadership consulting net revenue increased 7.4 percent year over year to $104.6 million.

Executive search and leadership consulting net revenue increased 42.6 percent in Europe (approximately 37 percent on a constant currency basis) to $26.2 million, and rose 5.0 percent in Asia Pacific (approximately 12 percent on a constant currency basis) to $20.8 million. However, revenue fell 2.7 percent in the Americas to $57.6 million.

Revenue from Senn-Delaney, Heidrick & Struggles’ culture-shaping firm, increased 16.9 percent year over year to $6.5 million from $5.6 million in the 2013 first quarter.

The company reported a net loss in the first quarter of $744,000 compared to a net loss of $1.2 million in the same quarter year prior.

“Our first quarter results show progress, but also significant room for growth and improved profitability," said President and CEO Tracy Wolstencroft. “Net revenue increased 8 percent year over year, with particularly good improvement in Europe, and we saw positive confirmation trends and productivity improvement. I am encouraged by these results and by the growth in our consultant base since the end of the year.”

Shares in Heidrick & Struggles fell 0.26 percent in late morning trading to $19.25 and the firm has a market cap of approximately $349.08 million, according to Yahoo!

The company forecasts 2014 second-quarter consolidated net revenue of between $120 million and $130 million.