Korn Ferry Records 21 Percent Revenue Increase

March 6, 2014 – Korn Ferry/(NYSE:KFY) posted revenues of $242.2 million for the third quarter fiscal 2014, an increase of 21 percent on a constant currency basis compared to $210.3 million a year ago. The increase in fee revenue was driven by increases in all regions with the largest increases in North America and Europe. Futurestep, the firm’s online recruiting business, saw revenues climb $35.9 million, an increase of 20 percent from the prior year. Adjusted diluted earnings per share was $0.31 during the quarter, which excludes $7.5 million of net restructuring, integration/acquisition, and separation costs. "Korn Ferry generated the strongest topline results in the company's history, representing a 21 percent year-over-year increase in fee revenue, or 14 percent adjusting for the PDI Ninth House acquisition, on a constant currency basis, generating higher earnings per share," said Gary D. Burnison, CEO. "In today's environment, global organizations must create growth opportunities that far outstrip the potential of the global economy – ultimately through people."