CTPartners Executive Search Inc. Announces Record Results for 2014 Second Quarter
- Net revenue grew 32% to $45.1 million year over year and 16% sequentially
- Earnings per share of $0.27; adjusted earnings per share increases to $0.30 compared to $0.08 in last year’s second quarter
- Search assignments increased 28% year over year
- Third quarter 2014 guidance of net revenue of $41.0 million to $43.0 million and adjusted EPS in the range of $0.20 to $0.22
CTPartners Executive Search Inc., a global retained executive search firm, has announced its financial results for the second quarter and first six months ended on June 30, 2014.
“Our second quarter revenue growth of 32% marks the fifth consecutive quarter of year over year revenue increases and establishes yet another record performance for CTPartners. Our success spanned across our entire organization as we experienced growth in all of our practice areas and geographic markets. This strong top line performance combined with solid expense control allowed us to deliver adjusted earnings of $0.30 cents per share, at the high end of our guidance, demonstrating the operating leverage in our business model,” said Brian Sullivan, Chief Executive Officer.
“The increased productivity of our seasoned consultants and initial contributions of our more recent hires and acquisitions support our confidence that our strong financial performance will continue. We will continue to invest in building the CTPartners brand globally and seek out quality consultants in our existing practices to build shareholder value over the long term,” added Mr Sullivan.
search-consult is published by Dillistone Systems, supplier of FileFinder Executive Search software. Dillistone Systems is part of Dillistone Group Plc, as are Voyager Recruitment Software and FCP Internet, supplier of the Evolve Recruitment Software SaaS system.