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Heidrick & Struggles income jumps 44 percent

Net income at executive search firm Heidrick & Struggles International, Inc. jumped nearly 44 percent in the third quarter 2007 to $16.1 million, or 84 cents a share, up from $11.2 million, or 60 cents, a year ago. The Chicago-based firm reported a 30.7 percent hike in net revenue to $162.9 million from $124.6 million in the 2006 third quarter. In a press release, the firm said that changes in foreign currency exchange rates generated four percentage points of the growth. Total revenue increased to $169.6 million from $130.9 million. The firm also raised its outlook for 2007 full-year net revenue to a range of $600 million to $610 million, up from its previous… Read More