Welcome to our dedicated page for Korn Ferry news (Ticker: KFY), a resource for investors and traders seeking the latest updates and insights on Korn Ferry stock.
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 reported Q3 FY’23 fee revenue of $680.8 million, flat compared to Q3 FY’22 but up 4% at constant currency. Net income fell to $11.2 million with diluted EPS at $0.21. Adjusted diluted EPS was $1.01. Operating income sharply dropped to $12.5 million with an operating margin of 1.8%, down from 18.6% year-over-year. The company repurchased 462,500 shares for $25.0 million and declared a quarterly dividend of $0.15 per share. The recent acquisition of Salo enhances the interim services segment, which now represents over 10% of total revenue. Q4 FY’23 revenue guidance ranges from $690 million to $710 million.
Korn Ferry (NYSE: KFY) will participate in the Bank of America Securities 2023 Information and Business Services Conference on March 16, 2023. EVP Robert Rozek is scheduled for a fireside chat at 1:00 p.m. EST. The event will be streamed live and accessible to the public, with a replay available afterward. This participation highlights Korn Ferry's ongoing commitment to sharing insights on organizational consulting and workforce development.
For further information, access the event through here or via the Investor Relations page.
Korn Ferry (NYSE:KFY) will announce its third quarter fiscal year 2023 financial results, covering the period ended January 31, 2023, on March 8, 2023. A press release detailing these results will be issued before the market opens, followed by a live webcast at 12:00 p.m. EST on the same day. Investors can access the webcast and accompanying slides via Korn Ferry's investor relations website. The firm specializes in organizational consulting, assisting clients in optimizing structures, hiring talent, and developing workforce strategies.
Korn Ferry (NYSE: KFY) has successfully completed its acquisition of Salo, LLC, enhancing its portfolio in finance, accounting, and HR talent solutions. Salo specializes in providing interim talent services, particularly in the healthcare sector. The acquisition is anticipated to boost Korn Ferry's adjusted earnings immediately, although specific financial terms were not disclosed. This strategic move aims to strengthen Korn Ferry's organizational consulting capabilities, potentially increasing market share and driving future revenue growth.
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