Korn Ferry - KFY STOCK NEWS

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.

Korn Ferry (NYSE: KFY) has been recognized as the highest designated Leader and Star Performer in Asia Pacific in Everest Group's Recruitment Process Outsourcing (RPO) Services PEAK Matrix® Assessment 2024. The report highlights Korn Ferry's excellence in executing single-country and global deals in the region, as well as its expertise in hiring across various industries and employment levels.

Korn Ferry was also named a Leader in North America and EMEA. The assessment praised the company's deep consulting and value-added services, advanced analytics, and market intelligence capabilities through its proprietary Nimble Recruit technology platform (KFNR). Jeanne MacDonald, CEO of RPO at Korn Ferry, emphasized the company's 360-degree approach to identifying and managing talent issues in a volatile global market.

The PEAK Matrix® Assessment analyzed over 50 RPO service providers, considering factors such as market adoption, portfolio mix, value delivered, and innovation. Korn Ferry's recognition underscores its ability to address current client needs and anticipate future talent requirements.

Korn Ferry (NYSE: KFY) has been recognized as one of the '2024 100 Best Companies for Working Parents' by Seramount, marking its sixth consecutive year on the list. The company earned this distinction for its comprehensive range of inclusive family benefits offered to U.S. employees, including:

• Paid gender-neutral parental leave
• Subsidized childcare
• Flexible work arrangements for returning employees
• Fertility benefits
• Mental health support

This recognition underscores Korn Ferry's commitment to fostering an inclusive workplace and positioning itself as a premier career destination. Seramount's President, Subha V. Barry, highlighted the evolving standards of inclusive workplaces, noting that previously progressive benefits are now becoming the norm.