Korn Ferry Posts Two Percent Revenue Decline

December 6, 2012 – Korn/Ferry International/(NYSE:KFY) posted revenues of $196.2 million for the second quarter fiscal 2013, a decrease of two percent (five percent excluding two months of fee revenue from the recently acquired Global Novations) from revenues of $200.2 million a year ago. Fee revenue in Leadership & Talent Consulting and Futurestep services grew 32 percent during the quarter. The Los-Angeles-based recruiter earned $11.8 million, or 25 cents a share, up from $15.1 million, or 32 cents a share, last year. “I am pleased with the sequential growth of the company overall, and once again, year-over-year growth within our broader talent management offerings,” said Gary D. Burnison, CEO of Korn/Ferry International. “In addition, I am excited about the pending acquisition of PDI Ninth House, which greatly accelerates Korn/Ferry's vision of being the world's premier talent solutions advisor.

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Korn Ferry Posts Two Percent Revenue Decline

December 6, 2012 – Korn/Ferry International/(NYSE:KFY) posted revenues of $196.2 million for the second quarter fiscal 2013, a decrease of two percent (five percent excluding two months of fee revenue from the recently acquired Global Novations) from revenues of $200.2 million a year ago. Fee revenue in Leadership & Talent Consulting and Futurestep services grew 32 percent during the quarter. The Los-Angeles-based recruiter earned $11.8 million, or 25 cents a share, up from $15.1 million, or 32 cents a share, last year. "I am pleased with the sequential growth of the company overall, and once again, year-over-year growth within our broader talent management offerings," said Gary D. Burnison, CEO of Korn/Ferry International. "In addition, I am excited about the pending acquisition of PDI Ninth House, which greatly accelerates Korn/Ferry's vision of being the world's premier talent solutions advisor."

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