Heidrick & Struggles experienced 'record net revenue' in 2017

Heidrick & Struggles International, posted global revenues of $621.4million in 2017, a 6.7% increase from revenues of $582.4 million the year before.

Krishnan Rajagopalan, Heidrick & Struggles President and Chief Executive Officer, said the group witnessed “record net revenue in 2017”, driven mostly by the growth of Executive Search in all three regions and by Leadership Consulting.

"We also made significant strides in lowering the run rate of our general and administrative and business support expenses,” he said. “These actions allow us to shift the focus of our capital to investments that support the growth of our businesses, including technology, while helping the firm achieve improved operating margins on a more sustained basis."

According to the recruiter’s financial results for its fourth quarter and fiscal year ended 31st December 2017, consolidated net revenue increased by six per cent.