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Los Angeles, CA, June 20, 2019 – Korn Ferry (NYSE: KFY), a global organizational consulting firm, today announced fourth quarter and annual fee revenue of $490.8 million and $1,926.0 million, respectively. In addition, fourth quarter diluted earnings per share was $0.89 and Adjusted diluted earnings per share was $0.88.
“I am pleased to report fee revenue of $491 million and strong profitability, with diluted earnings per share and Adjusted diluted earnings per share of $0.89 and $0.88 during our recently completed fourth quarter. Net income attributable to Korn Ferry was $50.3 million and operating margin was 12.7%. Adjusted EBITDA was $82.2 million and EBITDA margin was 16.7% -- both all-time highs. We achieved the highest fiscal year fee revenue in our firm’s history – up 9% on a US GAAP basis year-over year and 12% at constant currency,” said Gary D. Burnison, CEO of Korn Ferry.
“We have made tremendous progress in the recently completed fiscal year. Korn Ferry is now the organizational consultancy that helps companies look at talent and strategy together. We help companies make sure they have the right people, in the right places and for the right rewards. We bring their strategies to life by redesigning their organizational structure, helping them hire, motivate and hold on to the best people, with the right skills and mindset for the future. In the fiscal year ahead, we will continue to bridge our clients’ talent and organizational strategies, unlocking their potential and driving superior performance.”