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Korn Ferry (KFY) is a prominent organizational consulting firm based in the United States. Specializing in management recruitment, Korn Ferry assists clients in filling mid- to high-level management roles. The company operates through four major segments: Consulting, Digital, Executive Search, and RPO and Professional Search.
Korn Ferry provides a comprehensive, holistic approach to people management, bridging the gaps often created by inconsistent HR processes, technologies, and metrics. The firm is dedicated to driving sustainable, profitable growth for its clients by emphasizing the importance of human capital in achieving organizational change.
Consulting: Korn Ferry offers expert advice on strategy, financials, and operating models, ensuring that businesses have the tools they need to succeed. This segment focuses on improving organizational effectiveness and aligning workforce performance with business objectives.
Digital: Leveraging cutting-edge technology, Korn Ferry provides digital solutions that optimize human resource functions. This segment is dedicated to enhancing HR processes through innovative tools and platforms.
Executive Search: Known for its rigorous executive search processes, Korn Ferry helps organizations find top-tier talent for critical leadership roles. The firm’s extensive network and deep industry knowledge ensure that clients receive the best possible candidates.
RPO and Professional Search: This segment offers recruitment process outsourcing and professional search services, helping clients efficiently manage their recruitment needs.
Recently, Korn Ferry has made significant strides in integrating its diverse services, providing clients with a seamless, unified experience. The firm continues to expand its global presence, partnering with leading organizations across various industries to deliver impactful solutions.
- Latest Achievement: Korn Ferry's innovative approach to organizational consulting has been recognized with several industry awards.
- Current Projects: The company is currently working on implementing new digital solutions to enhance HR efficiency and effectiveness.
- Financial Condition: Korn Ferry maintains a strong financial position, driven by steady revenue growth and strategic investments.
To stay updated with the latest news and developments from Korn Ferry, investors and stakeholders are encouraged to follow the company’s ongoing projects and achievements.
Korn Ferry (KFY) reported Q2 FY'25 results with fee revenue of $674.4 million, down 4% year-over-year but flat sequentially. Operating income reached $87.5 million with a 13.0% margin, marking the sixth consecutive quarter of improved profitability. Net income was $60.8 million with diluted EPS of $1.14 and adjusted diluted EPS of $1.21.
The company's Adjusted EBITDA was $117.0 million with a 17.4% margin, representing a 340bps increase from the previous year. During the quarter, Korn Ferry repurchased 456,250 shares for $32.6 million and declared a quarterly dividend of $0.37 per share. The company also completed the acquisition of Trilogy, expanding its interim professional offerings in EMEA.
Korn Ferry (NYSE:KFY) has announced it will release its second quarter fiscal year 2025 financial results on Thursday, December 5, 2024. The company will issue a press release before market opening, followed by a live webcast at 12:00 pm EST. The earnings presentation will include an audio webcast and accompanying slides, accessible through the investor relations section of Korn Ferry's website.
Korn Ferry (NYSE: KFY) has completed its acquisition of Trilogy International, a UK-based digital interim talent provider. Trilogy, headquartered in London, specializes in digital interim professional services across EMEA and the United States. The acquisition will enhance Korn Ferry's Professional Search & Interim business capabilities, particularly in digital transformation solutions. The deal is expected to be immediately accretive to Korn Ferry's adjusted earnings, though specific terms were not disclosed.
Korn Ferry (NYSE: KFY) has announced the expansion of its Interim Talent operation into France, with Laurent David joining to lead this solution from the firm's Paris office. David brings over 20 years of experience in media, telecommunications, sport, and entertainment sectors, with extensive interim credentials as a senior leader across multiple organizations.
Michael Distefano, CEO of Global Professional Search and Interim at Korn Ferry, highlighted the growing trend of organizations pursuing a blended approach to talent acquisition. He emphasized Korn Ferry's commitment to meeting evolving client needs by providing both permanent executives and world-class professionals for shorter-term or project-based roles.
Laurent David holds a computer science degree from CentraleSupélec in France and previously led digital & technology and sales & marketing practices at a European interim talent management firm.
Korn Ferry (NYSE: KFY) has announced the election of Russ Hagey to its board of directors. Hagey, a long-tenured leader at Bain & Company, brings extensive talent management and consulting experience to Korn Ferry's board. He most recently served as Bain's Senior Partner and Chief Leadership Officer, and previously as its Worldwide Chief Talent Officer.
Hagey's career at Bain & Company spans over four decades, during which he consulted with diverse clients across multiple industries. His expertise includes corporate strategy, growth initiatives, new product development, acquisitions, and sales force operations. Hagey also has public and private company board experience.
Korn Ferry's CEO, Gary D. Burnison, and Non-Executive Chair, Jerry Leamon, both expressed enthusiasm about Hagey joining the board, highlighting his extensive experience and deep understanding of organizational issues impacting global companies.
Korn Ferry (NYSE: KFY) has been named the No. 1 Recruitment Process Outsourcing (RPO) provider in HRO Today's Baker's Dozen Customer Satisfaction Rating. The global organizational consulting firm topped the list based on factors including breadth of service, deal sizes, and quality of service. Korn Ferry also received top honors for size of deals and quality of service, and was recognized as a leading provider in healthcare RPO.
The company's success is attributed to its innovative recruitment offerings, including the AI-powered Korn Ferry Nimble Recruit technology, which helps deliver quality candidates for various roles. This marks the 16th consecutive year Korn Ferry's RPO business has been recognized as a leader in the Baker's Dozen list, highlighting their continued efforts to enhance the recruitment experience for all parties involved.
Korn Ferry (NYSE: KFY) has been named one of the 'Top 80 Companies for Executive Women' in 2024 by Seramount for the fifth consecutive year. This recognition highlights Korn Ferry's commitment to fostering an inclusive environment where female professionals can thrive. The list, based on 2023 data, evaluates companies on various criteria, including women's representation at all levels, programs promoting women's advancement, and training for managers to support women's career growth.
Linda Hyman, Korn Ferry's Executive VP of Global HR, expressed pride in the company's culture and programs. To be considered for the list, companies must have at least two women on their boards of directors and a minimum of 500 US employees. Korn Ferry, a global organizational consulting firm, works with clients on optimal organization structures, hiring, workforce motivation, and professional development.
Korn Ferry (NYSE: KFY) reported Q1 FY'25 results with fee revenue of $674.9 million, down 3% year-over-year. Net income was $62.6 million, with diluted earnings per share of $1.17. Key highlights include:
- Executive Search fee revenue grew 2% year-over-year
- Consulting and Digital fee revenue remained flat
- Operating income increased to $76.1 million, with margin up 320bps to 11.3%
- Adjusted EBITDA rose to $111.2 million, with margin up 280bps to 16.5%
- Company repurchased 351,250 shares for $23.5 million
- Declared quarterly dividend of $0.37 per share
CEO Gary Burnison noted the company's balanced approach and diversified strategy, with topline 30% higher than pre-pandemic levels and improved profitability.
Korn Ferry (NYSE:KFY) has announced that it will release its financial results for the first quarter of fiscal year 2025 (ended July 31, 2024) on Thursday, September 5, 2024. The company will issue a press release before the market opens, followed by a live webcast at 12:00 pm EDT on the same day. Investors and interested parties can access the live audio webcast and accompanying slides through the company's investor relations website at https://ir.kornferry.com/events-and-presentations. This announcement provides an opportunity for stakeholders to gain insights into Korn Ferry's financial performance and future outlook.
Korn Ferry (NYSE: KFY) has announced its participation in the Goldman Sachs 2024 Communacopia + Technology Conference on Tuesday, September 10, 2024. The company will be represented by Robert Rozek, EVP, Chief Financial Officer and Chief Corporate Officer, and Mathias Herzog, Head of Korn Ferry's Digital business and President of the firm's Global Technology Practice.
Their presentation is scheduled to begin at 6:05 p.m. EST. The event will be broadcast live and accessible to the general public through a provided link. Additionally, interested parties can access the event through Korn Ferry's Investor Relations website. An audio replay will be made available after the event on the same website.
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