Korn Ferry Posts Flat Revenue

March 7, 2012 – Korn/Ferry International/(NYSE:KFY) posted revenues of $194.6 million for the third quarter fiscal 2012, a small increase compared to $194.1 million a year ago. The Los-Angeles-based recruiter reported net income of $11.7 million, or 25 cents a share, compared with $13.98 million, or 30 cents per share, last year. North American revenues were up five percent, EMEA and Asia Pacific increased one percent, while South American revenues grew 13 percent. Futurestep, the firm’s online recruiting business, saw revenues climb 11 percent during the quarter. "We had a solid seasonal quarter despite an uneven economic recovery," said Gary Burnison, CEO of Korn/Ferry. "As the recovery carries forward, we will continue to drive our differentiated strategy and solutions to help our clients not only attract, but engage, develop and retain the talent needed to effectively execute their business strategy."