CTPartners News Release (05/09/13)

CTPartners Executive Search Inc. reported $29.2 million in revenue for the first quarter of 2013, down 10% from $32.4 million during the year-ago period. Its North American revenue totaled $17.4 million, marking a year-over-year decline of 13.4%. The company reported a net loss of $2 million, versus a net loss of $0.6 million during the first quarter of 2012.

By practice, revenues totaled $5.7 million for life sciences, up 8.6%; $3.6 million for industrial, up 28.2%; $6.9 million for financial services, down 29.8%; $3.4 million for technology, media, and telecom, down 6%; $4.9 million for professional services, down 3.2%; and $4.7 million for consumer and retail, down 20.1%.