CEB Reports First Quarter Results and Updates 2014 Guidance

ARLINGTON, Va.--(BUSINESS WIRE)--The Corporate Executive Board Company (“CEB” or the “Company”) (NYSE: CEB) today announced financial results for the first quarter ended March 31, 2014. Revenue increased 10.1% to $209.4 million in the first quarter of 2014 from $190.3 million in the first quarter of 2013. Net income in the first quarter of 2014 was $7.7 million, or $0.22 per diluted share, compared to $11.2 million, or $0.33 per diluted share, in the same period of 2013. Adjusted net income was $18.3 million and Non-GAAP diluted earnings per share were $0.54 in the first quarter of 2014 compared to $22.7 million and $0.67 in the same period of 2013, respectively.