Korn Ferry Posts Strong Q1 Results

September 9, 2013 – Korn/Ferry International/(NYSE:KFY) posted revenues of $237.6 million for the first quarter fiscal 2013, an increase of 21 percent from revenues of $196 million a year ago. Revenues were driven by increases in Europe, Asia, and North America partially offset by a decrease in Latin America. The Los Angeles-based recruiter recorded net income of $11.4 million, or 24 cents per share, up from $10.4 million, or 22 cents per share, last year. “With our leadership team effectively driving our strategy, we have increased revenue within our flagship search business and broader talent management offering year over year – most important with strong margin expansion and earnings per share growth in the quarter, on an adjusted basis," said Gary D. Burnison, CEO. Mr. Burnison said that 40 percent of the firm's revenue came from broader talent management offerings in the quarter. 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.