Korn Ferry Posts Five Percent Annual Gain

June 18, 2013 – Korn/Ferry International/(NYSE:KFY) posted fee revenues of $227.9 million for the fourth quarter fiscal 2013, a 15 percent increase compared to $198.1 million a year ago. Fee revenue at Futurestep grew seven percent year over year. The firm earned $12.2 million, or 25 cents per share, for the period that ended April 30, compared with $12 million, or 25 cents per share in the same period last year. For the full year, Korn/Ferry reported record annual fee revenue of $812.8 million, a gain of five percent from last year. Excluding current year acquisitions, annual fee revenues were down one percent on a constant currency basis. “In the fourth quarter, Korn/Ferry's broader talent management offerings accounted for 40 percent of fee revenue which reflects the company's transformation as a talent management consultancy," said Gary D. Burnison, CEO.