Korn Ferry Posts 10 Percent Revenue Gain

June 18, 2014 – Korn Ferry/(NYSE:KFY) posted fee revenues of $251.7 million for fourth quarter fiscal 2014, a 10.4 percent increase compared to $227.9 million a year ago. Revenues primarily were driven by an $11.4 million, $6.3 million, and a $6.1 million increase in fee revenue in executive recruitment, Futurestep and leadership & talent consulting, respectively. Fee revenue at Futurestep grew 20.3 percent year over year. The firm earned $21.2 million, or 43 cents a share, in the quarter, up from $12.2 million, or 25 cents per share, in the same period last year. For the full year, Korn Ferry reported record annual fee revenue of $960.3 million, a gain of 18.9 percent from the prior year. Korn Ferry, based in Los Angeles and with a presence throughout the Americas, Asia Pacific, Europe, the Middle East and Africa, is a global provider of talent management solutions.