Korn Ferry Posts Eight Percent Revenue Increase
December 8, 2011 – Korn/Ferry International/(NYSE:KFY) posted revenues of $200.2 million for the second quarter fiscal 2012, an increase of eight percent from revenues of $185 million a year ago. The Los-Angeles-based recruiter earned $15.1 million, or 32 cents a share, up from $13.7 million, or 30 cents a share, last year. "I am proud of Korn/Ferry's accomplishments during the quarter, which includes eight percent year over year growth and an operating margin of 12.7 percent," said Gary D. Burnison, CEO of Korn/Ferry. "With regard to talent, the business world continues to operate a two-speed labor cycle. Businesses today are doing more with less, placing ever-increasing demands on leaner, skilled workforces highlighting the universal need to attract, develop and retain top people."