CEB Reports First Quarter Results and Reaffirms 2013 Guidance

ARLINGTON, Va.--(BUSINESS WIRE)--The Corporate Executive Board Company (“CEB” or the “Company”) (NYSE: CEB) today announces financial results for the first quarter ended March 31, 2013. Revenue increased 48.1% to $190.3 million in the first quarter of 2013 from $128.5 million in the first quarter of 2012. Net income in the first quarter of 2013 was $11.2 million, or $0.33 per diluted share, compared to $15.6 million, or $0.46 per diluted share, in the same period of 2012. Adjusted net income was $22.7 million and Non-GAAP diluted earnings per share were $0.67 in the first quarter of 2013 compared to $17.8 million and $0.53 in the same period of 2012, respectively.