- First quarter revenue of $38.4 million, a 112% increase year over year.
TORONTO, ON / ACCESSWIRE / January 12, 2022 / Talent acquisition firm The Caldwell Partners International Inc. (TSX:CWL)(OTCQX:CWLPF) today issued its financial results for the fiscal 2022 first quarter ended November 30, 2021. All references to quarters or years are for the fiscal periods unless otherwise noted and all currency amounts are in Canadian dollars. Financial results include those of IQTalent Partners, Inc. (IQTP) beginning on the date of acquisition of December 31, 2020.
"This was a record-breaking start to the year for Caldwell - consolidated revenue for the quarter was $38.4 million, representing a 112% increase over the prior year and the highest first quarter in our history," said John Wallace, chief executive officer. "Growth was driven both organically and through acquisition - our acquisition of IQTP contributed $11.7 million in revenue and Caldwell executive search's $26.7 million represents a 47% increase year over year and a 48% increase over our pre-pandemic F'20 first quarter."
"IQTP continues to see significant growth in demand for its services since pandemic lows. Their flexible on-demand pricing model and innovative use of AI technology is not only resonating with an ever-increasing client base, it's creating a new category in talent acquisition. We anticipate this growth trend will continue into upcoming periods."
Wallace continued: "Our ongoing success and performance speaks volumes to the creativity, innovation and execution excellence that the Caldwell and IQTP teams are delivering for our clients. There is no doubt that there's an ongoing war for talent and the world continues to pivot towards remote work out of an increasing desire to achieve work/life balance and the ability to work from anywhere that technology provides. Given this continuing backdrop, our vision remains focused and clear - for our two segments to work in tandem to provide a seamless integration of talent acquisition solutions at all levels for our clients. And with our strong balance sheet, we will continue to review business and technology acquisition opportunities that align with client-driven talent offerings and our belief that Talent Transforms."
For a complete discussion of the quarterly financial results, including a detailed segment analysis, please see the company's Management Discussion and Analysis posted on SEDAR at www.sedar.com
About Caldwell Partners
Caldwell Partners is a technology-powered talent acquisition firm specializing in recruitment at all levels. Through two distinct brands - Caldwell and IQTalent Partners - the firm leverages the latest innovations in AI to offer an integrated spectrum of services delivered by teams with deep knowledge in their respective areas. Services include candidate research and sourcing through to full recruitment at the professional, executive and board levels, as well as a suite of talent strategy and assessment tools that can help clients hire the right people, then manage and inspire them to achieve maximum business results.
Caldwell Partners' common shares are listed on The Toronto Stock Exchange (TSX: CWL) and trade on the OTCQX Market (OTCQX: CWLPF). Please visit our website at www.caldwellpartners.com for further information.
https://www.accesswire.com/683234/Caldwell-Reports-Record-First-Quarter
