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CTPartners net revenue up 2%

November 08 2013

CTPartners Executive Search Inc. (NYSE MKT: CTP) reported third-quarter net revenue rose 1.7 percent to $32.6 million from $32.0 million in the third quarter last year. The revenue gains came from the firm’s Europe, Middle East and Africa operations.

EMEA revenue rose 22.6 percent in the third quarter to $8.6 million. North America third-quarter revenue fell 2.2 percent to $18.7 million. Revenue also fell 5.8 percent in Latin America. And Asia-Pacific revenue fell 19.2 percent to $1.6 million.

The firm reported net income of $658,000 in the third quarter compared to a net loss of $1.2 million in the same quarter year prior.

CTPartners Executive Search Inc. (NYSE MKT: CTP)
For the third quarter ended Sept 30, 2013, compared to the year-ago quarter.
Net revenue: $32.6 million, +1.7 percent
Net income: $658,000 vs. net loss of $1.2 million


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