Korn Ferry Posts 9.6 Percent Revenue Gain

September 10, 2014 – Korn Ferry/(NYSE:KFY) posted revenues of $260.3 million for first quarter fiscal 2014, an increase of 9.6 percent from revenues of $237.6 million a year ago. Fee revenues were primarily driven by an 8.6 percent rise in executive recruiting fees ($148.4 million), a 5.8 percent increase in the firm's leadership & talent consulting business ($63.6 million) and a 23.7 percent jump in Futurestep revenue ($39.2 million). The overall revenue rise was driven by growth in all major markets – industrial, life science/healthcare, technology, financial services, and consumer, though search revenue declined in Asia Pacific and Latin America. Recruiting fees rose 11 percent in North America and 17.2 percent in Europe, where Korn Ferry continues to make significant inroads. “I am especially proud that all three service lines showed growth during the quarter resulting in a fee revenue increase of 10 percent, with an adjusted diluted earnings per share of $0.43, up 30 percent year over year," said Gary D. Burnison, CEO. "The needs of global organizations are rapidly changing. While finding and recruiting the right executives is critical, companies are also seeking our expertise and offerings to help redefine their business through talent." Korn Ferry International, 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.