Net revenue rose at Heidrick & Struggles International Inc. (NASD: HSII) in the first quarter ending 31 March 2019 by 7.2% and by 10.0% in constant currency.

Revenue growth in the first quarter was supported by strong results in Executive Search with growth in Americas leading the way. The group’s Consulting segment reported a decrease in net revenue.

“We are pleased to report our 15th quarter in a row of year-over-year growth in net revenue and continued improvement in profitability,” Heidrick & Struggles’ President and Chief Executive Officer, Krishnan Rajagopalan said. “Market demand for the executive search and leadership advisory services continues to be positive, despite the usual quarter-to-quarter and geographic variability. We are pleased with the progress we are making to differentiate our human capital solutions through our own digital transformation by utilising more data-driven, tech-enabled platforms to help our clients accelerate their performance. We are off to a good start in 2019 and see continued opportunity to gain market share and increase shareholder value.”

Net revenue by segment and geography was as follows.

Looking ahead, the company expects 2019 second quarter consolidated net revenue of between $172 million and $182 million. The outlook is based on the average currency rates in March 2019 and reflects, among other factors, management’s assumptions for the anticipated volume of new Executive Search confirmations, Heidrick Consulting assignments, the current backlog, consultant productivity, consultant retention, and the seasonality of its business.

In trading today, Heidrick & Struggles International shares closed at $39.92, up 2.10% on the day and 11.85% below its 52-week high of $45.29 set on 23 August 2018. Based on its current share price the company has a market value of $763.19 million.