FINANCIALS: CTPartners Executive Search Q3 revenue exceeds expectations
6 November 2014
Global retained executive search firm CTPartners Executive Search has announced its unaudited Q3 results have exceeded expectations with revenue growing by almost 40%.
Thu, 6 Nov 2014
Global retained executive search firm CTPartners Executive Search has announced its unaudited Q3 results have exceeded expectations with revenue growing by almost 40%.
A company statement said net revenue for the third quarter was US$45.4m (£28.5m), representing a 39.6% increase compared to $32.6m in the previous year’s third quarter.
Chief executive Brian Sullivan said in the statement the “exceptional performance” was driven by growth across each practice area and geographic markets.
The Asia-Pacific region was the best performing for the company with revenue growing 129.2% to $3.7m.
For the EMEA [Europe, the Middle East and Asia] region, Q3 revenue was up 33.3% to $11.5m.
North America was the biggest earner for the company, generating revenue of $25.9m, an increase of 38.6%.
On a practice basis, technology media and telecoms was the best performing, growing 124.2% to $6.2m.
Search assignments were up 31% compared to last year’s Q3.
For the nine months ended 30 September 2014, net revenue was $130.4m compared with net revenue of $96m as reported for the same period in 2013.
Global retained executive search firm CTPartners Executive Search has announced its unaudited Q3 results have exceeded expectations with revenue growing by almost 40%.
A company statement said net revenue for the third quarter was US$45.4m (£28.5m), representing a 39.6% increase compared to $32.6m in the previous year’s third quarter.
Chief executive Brian Sullivan said in the statement the “exceptional performance” was driven by growth across each practice area and geographic markets.
The Asia-Pacific region was the best performing for the company with revenue growing 129.2% to $3.7m.
For the EMEA [Europe, the Middle East and Asia] region, Q3 revenue was up 33.3% to $11.5m.
North America was the biggest earner for the company, generating revenue of $25.9m, an increase of 38.6%.
On a practice basis, technology media and telecoms was the best performing, growing 124.2% to $6.2m.
Search assignments were up 31% compared to last year’s Q3.
For the nine months ended 30 September 2014, net revenue was $130.4m compared with net revenue of $96m as reported for the same period in 2013.
