Korn Ferry Posts Three Percent Fiscal Q3 Revenue Increase

March 10, 2015 – Korn Ferry/(NYSE:KFY) posted revenues of $249.5 million for third quarter fiscal 2015, an increase of three percent compared to $242.2 million a year ago. The increase in fee revenue was driven primarily due to increases of 16.2 percent and 3.4 percent for Futurestep and Leadership & Talent Consulting, respectively, partially offset by a decrease of 0.4 percent in executive recruitment. Within its executive recruitment segment and on a regional basis, fee revenue decreased in EMEA by $2.3 million, or 5.9 percent, partially offset by increases in North America of $0.8 million, or 1.0 percent, Asia Pacific of $0.7 million, or 3.5 percent, and South America of $0.2 million, or 2.7 percent. Korn Ferry recorded net income of $22.9 million, or 46 cents per share, compared to net income of $21.3 million, or 44 cent per share, last year. "I am pleased with the results of our fiscal third quarter, which includes top line growth of seven percent year-over-year at constant currency," said Gary D. Burnison, CEO. "As our recent acquisition of Pivot Leadership indicates, our firm is committed to creating the preeminent authority on leadership and talent, which includes deploying our capital to acquire the right intellectual property, top talent and solutions that help our clients propel their business."

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