Korn Ferry Announces Second Quarter Fiscal 2017 Results of Operations
Los Angeles. December 7, 2016
Los Angeles, CA, December 7, 2016 – Korn/Ferry International (NYSE: KFY), the preeminent global people and organizational advisory firm, today announced second quarter fee revenue of $401.9 million. Q2 FY’17 diluted earnings per share and adjusted diluted earnings per share were $0.52 and $0.59, respectively. Adjusted diluted earnings per share exclude $5.8 million or $0.10 per share of integration/acquisition costs.
“I am proud of the performance of our firm during the fiscal second quarter, achieving $402 million of fee revenue, representing 43% year over year growth. Profitability was also strong, with diluted earnings per share and adjusted diluted earnings per share of $0.52 and $0.59, respectively,” said Gary D. Burnison, CEO, Korn Ferry.
“After acquiring Hay Group 12 months ago, we’re now a much more diversified, balanced firm – with half of our revenue mix coming from organizational and talent advisory services and the other half from talent acquisition solutions. The synergies and investments we’ve made during this calendar year have not only enhanced our performance, but have provided us with a platform to both shape and accelerate our own growth. Clients are increasingly gravitating to our complete offerings which span recruitment, organizational design, talent strategy, assessment, leadership development, and compensation and reward services. As we enter 2017, we will continue our commitment to building a world-class people and organizational advisory firm.”
About Korn Ferry
Korn Ferry is the preeminent global people and organizational advisory firm. We help leaders, organizations and societies succeed by releasing the full power and potential of people. Our nearly 7,000 colleagues deliver services through Korn Ferry and our Hay Group and Futurestep divisions.
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