Korn Ferry Posts Eight Percent Revenue Gain
March 6, 2013 – Korn/Ferry International/(NYSE:KFY) posted revenues of $210.3 million for the third quarter fiscal 2013, an eight percent increase compared to $194.6 million a year ago. Fee revenue in Leadership & Talent Consulting and Futurestep services grew 47 percent (five percent excluding fee revenue from the recently acquired PDI Ninth House and Global Novations) and 17 percent respectively. Third quarter adjusted diluted earnings per share was $0.31 compared to adjusted diluted earnings per share of $0.26 in Q3 of last year, excluding restructuring, transaction and integration, and separation costs. "I am pleased with the results of our fiscal 2013 third quarter, which once again included year over year growth within our broader talent management offerings," said Gary D. Burnison, CEO of Korn/Ferry International.