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) provides organizational consulting and executive search services that shape global workforce strategies. This page serves as the definitive source for official company announcements and market-moving developments.
Access real-time updates on leadership appointments, strategic partnerships, financial results, and operational innovations. Investors gain critical insights into Korn Ferry's consulting expansions, digital solution launches, and talent acquisition trends driving the human capital management sector.
Our curated collection includes earnings disclosures, governance updates, and industry analysis relevant to Korn Ferry's five operational segments. Bookmark this resource to monitor how the company's integrated approach to leadership development and organizational design impacts global enterprises.
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.
Korn Ferry (NYSE: KFY) has announced its agreement to acquire Salo, LLC, a prominent provider of finance, accounting, and HR interim talent. This acquisition, expected to close on February 1, 2023, aims to enhance Korn Ferry's portfolio in organizational consulting by integrating Salo's professional solutions, especially in healthcare. Korn Ferry's CEO, Gary D. Burnison, highlighted the strategic importance of this move in addressing the high demand for interim professionals. The deal is projected to be immediately accretive to Korn Ferry’s adjusted earnings, although specific terms were not disclosed.
Korn Ferry reported Q2 FY’23 fee revenue of $727.8 million, a 14% increase year-over-year (20% at constant currency) and a 5% sequential rise from Q1 FY’23. Net income was $73.5 million, with diluted EPS at $1.38 and adjusted EPS at $1.43. The operating income was $119.6 million, and Adjusted EBITDA reached $131.1 million, representing an 18% margin. The Company also repurchased 622,500 shares for $33.1 million and announced a $0.15 dividend per share. Korn Ferry expects Q3 FY’23 fee revenue between $660 million and $690 million.
Korn Ferry (NYSE:KFY) will report its financial results for the second quarter of fiscal year 2023, ending October 31, 2022, on December 8, 2022. A press release will be issued before the market opens, followed by a live webcast at 12:00 p.m. EST, featuring CEO Gary Burnison and CFO Robert Rozek. Investors can access the webcast at this link.
Korn Ferry (NYSE: KFY) has released a new book titled Take Control: The Career You Want, Where You Want, aimed at guiding professionals on career advancement. CEO Gary D. Burnison emphasizes the importance of understanding personal strengths and effective networking in today's flexible job market. The book outlines three key concepts: understanding personal wiring, strategies for job acquisition and advancement, and fostering collaboration in diverse workplaces. Korn Ferry is recognized for its expertise in organizational consulting and career development.
