Korn Ferry Revenue Increases 32 Percent

December 9, 2010 – Korn/Ferry International/(NYSE:KFY) posted revenues of $185 million for the second quarter fiscal 2011, an increase of 32 percent from revenues of $140.1 million a year ago. The Los-Angeles-based recruiter recorded earnings of $13.7 million, or 30 cents a share, compared with $2.8 million, or six cents a share, last year. "As evidenced by our sixth consecutive sequential fee revenue increase, our clients are increasingly turning to Korn/Ferry for a variety of their most important human capital needs," said Gary Burnison, CEO. “After meeting with many of our clients' CEOs over the last several months, it's evident that we are experiencing a two-speed labor recovery – global vs. local. Global enterprises are investing, hiring and expanding, while organizations more reliant on Western economies for growth have remained more cautious.”

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