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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 (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.
Korn Ferry (NYSE: KFY) has launched a new book titled Love, Hope & Leadership: A Special Edition. This book, authored by Korn Ferry CEO Gary D. Burnison, is a collection of insights, reflections, and guidance on leadership in today's dynamic environment. Burnison, a New York Times bestselling author, emphasizes attributes such as selflessness, potential, empathy, connection, inclusion, authenticity, and love as important for effective leadership. Korn Ferry, renowned for conducting over 100 million assessments and developing 1 million people annually, aims to inspire and enable belief in leadership practices through this publication.
Korn Ferry (NYSE: KFY) announced its Q4 and full-year FY'24 results. Q4 fee revenue was $690.8 million, a 5% YoY decrease, while full-year fee revenue stood at $2,762.7 million, a decline of 3% YoY. Net income for Q4 was $65.2 million, and $169.2 million for the full year. Adjusted diluted EPS was $1.26 for Q4 and $4.28 for the year. The operating margin for Q4 was 12.1%, while the full-year margin was 7.7%. Adjusted EBITDA for Q4 was $112.3 million, and $408.2 million for the year, with margins of 16.3% and 14.8%, respectively. Consulting and Digital sectors posted record-high revenues, with Consulting generating $695 million and Digital $366.7 million. The company also repurchased 930,000 shares, totaling $52.5 million for the year. Despite economic challenges, Korn Ferry increased its dividend to $0.37 per share, payable on July 31, 2024.
Korn Ferry (NYSE: KFY) will release its financial results for the fourth quarter of fiscal year 2024 on June 13, 2024. The earnings report will be published before the market opens, followed by a live webcast at 11:00 am EDT. Investors can access the live audio webcast and accompanying slides at the company's investor relations website.
Korn Ferry (NYSE: KFY) has been named a Leader in Everest Group’s Recruitment Process Outsourcing (RPO) Services PEAK Matrix® Assessment 2024 for the seventh consecutive year. The recognition is based on Korn Ferry’s global delivery capabilities, technology investments, and expertise in handling various job roles. Their Korn Ferry Nimble Recruit Platform (KFNR) has been highlighted for providing predictive insights and enhancing workforce planning and talent development. Jeanne MacDonald, President of Global RPO Solutions at Korn Ferry, expressed delight over the recognition, emphasizing the firm's continued investment in technology and consulting services.
Korn Ferry (NYSE: KFY) announced its participation in the Baird 2024 Global Consumer, Technology and Services Conference on June 5th, 2024. The company's Executive Vice President, Chief Financial, and Chief Corporate Officer Robert Rozek will deliver a presentation at 2:00 p.m. EDT. The event will be broadcast live and accessible to the public via a provided link, as well as through Korn Ferry's Investor Relations website. An audio replay will be available post-event.
Korn Ferry (NYSE: KFY) has been ranked as America's best executive recruiting firm by Forbes Magazine, a top accolade received for seven out of the last eight years. The company was also recognized as a top professional search firm. With over 9,300 respondents surveyed, Korn Ferry's consistent recognition showcases its dedication to providing innovative talent solutions to clients.
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