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Korn Ferry - KFY STOCK NEWS

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.

Rhea-AI Summary

Korn Ferry (NYSE:KFY) will announce its financial results for the first quarter of fiscal year 2023, ending July 31, 2022, on September 7, 2022. A press release will precede the market opening, followed by a live investor webcast at 12:00 p.m. EDT. The webcast will feature CEO Gary Burnison and CFO Robert Rozek. Investors can access the live audio and slides via the Korn Ferry investor relations website.

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Korn Ferry (NYSE: KFY) announced its acquisition of Infinity Consulting Solutions (ICS), a leading provider of interim professional solutions. Based in New York, ICS specializes in senior-level IT staffing and has been recognized with the Best of Staffing Diamond award for ten consecutive years. This acquisition is expected to enhance Korn Ferry's offerings, especially given the increasing demand for skilled labor in IT. While the terms of the deal were undisclosed, it is anticipated to be immediately accretive to Korn Ferry’s adjusted earnings.

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Korn Ferry reported record Q4 FY'22 fee revenue of $721.1 million, marking a 30% year-over-year increase. For the full year, fee revenue reached $2,626.7 million, also a high, with net income of $91.7 million for Q4 and $326.4 million for FY'22. The diluted earnings per share were $1.70 for Q4 and $5.98 for the year. Operating income was $138.8 million in Q4 and $470.1 million for FY'22. Korn Ferry also announced a 25% increase in its quarterly cash dividend to $0.15 per share. The outlook for Q1 FY'23 projects fee revenue between $680 million and $710 million.

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Korn Ferry (NYSE:KFY) will announce its financial results for Q4 FY2022, ending April 30, 2022, on June 22, 2022. A press release will precede the market opening, followed by a live webcast at 12:00 p.m. EDT. The webcast will feature CEO Gary Burnison and CFO Robert Rozek. Korn Ferry is a global organizational consulting firm that assists clients in structuring their organizations, hiring effectively, and employee motivation.

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Korn Ferry (NYSE: KFY) has announced the acquisition of Patina Solutions Group, enhancing its interim executive solutions capabilities. The acquisition brings substantial expertise across various industries, expanding Korn Ferry's network of top-tier interim talent in finance, operations, legal, HR, and IT. This move is expected to accelerate Korn Ferry's growth and provide clients with agile, specialized solutions. While deal terms remain undisclosed, it is anticipated to positively impact Korn Ferry's adjusted earnings immediately.

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Korn Ferry reported a record quarterly fee revenue of $680.7 million for Q3 FY’22, up 43% year-over-year and 6% sequentially. Net income reached $84.1 million with diluted earnings per share at $1.54, both new highs. Operating income was $126.3 million, translating to an operating margin of 18.6%. The company repurchased 304,500 shares for $22.1 million and declared a $0.12 per share dividend, payable April 14, 2022. The acquisition of Lucas Group enhanced the RPO and Professional Search segments, contributing to positive financial performance.

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Korn Ferry (NYSE: KFY) will release its financial results for Q3 FY2022, ending January 31, 2022, on March 9, 2022. A press release will precede the market opening, followed by a live webcast at 12:00 p.m. EST, hosted by CEO Gary Burnison and CFO Robert Rozek. This presentation will detail the firm’s performance and strategic direction, appealing to investors looking for insights into Korn Ferry's business operations.

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Korn Ferry (NYSE: KFY) has appointed Sherry Duda as a senior client partner in its Consulting business, focusing on organization strategy. Duda, based in Chicago, will lead the mergers and acquisitions practice in North America. She brings 20 years of global consulting experience, having previously led the North American organization acceleration practice at a global advisory firm. Her background includes executive roles in Fortune 100 companies and experience in the BP-Amoco merger. Laura Manson-Smith, Global Leader of Organization Strategy Consulting, expresses confidence in Duda’s capability to enhance the company's growth strategy.

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FAQ

What is the current stock price of Korn Ferry (KFY)?

The current stock price of Korn Ferry (KFY) is $66.56 as of December 20, 2024.

What is the market cap of Korn Ferry (KFY)?

The market cap of Korn Ferry (KFY) is approximately 3.4B.

What does Korn Ferry specialize in?

Korn Ferry specializes in organizational consulting and management recruitment, helping clients fill mid- to high-level management positions.

What are the main segments of Korn Ferry?

The main segments of Korn Ferry are Consulting, Digital, Executive Search, and RPO and Professional Search.

How does Korn Ferry help businesses achieve growth?

Korn Ferry helps businesses achieve growth by providing a holistic approach to people management, aligning workforce performance with business objectives.

What are some recent achievements of Korn Ferry?

Korn Ferry has been recognized with several industry awards for its innovative approach to organizational consulting.

What digital solutions does Korn Ferry offer?

Korn Ferry offers digital solutions that optimize human resource functions, enhancing HR processes through innovative tools and platforms.

What is Korn Ferry’s approach to executive search?

Korn Ferry’s executive search process is rigorous, leveraging an extensive network and deep industry knowledge to find top-tier talent for critical leadership roles.

How does Korn Ferry support recruitment needs?

Korn Ferry supports recruitment needs through recruitment process outsourcing and professional search services, helping clients efficiently manage their recruitment processes.

What is Korn Ferry's financial condition?

Korn Ferry maintains a strong financial position, driven by steady revenue growth and strategic investments.

Who are Korn Ferry’s clients?

Korn Ferry partners with leading organizations across various industries to deliver impactful organizational consulting and recruitment solutions.

How can I stay updated with Korn Ferry’s latest news?

To stay updated with Korn Ferry’s latest news and developments, follow their ongoing projects and achievements through their official channels.

Korn Ferry

NYSE:KFY

KFY Rankings

KFY Stock Data

3.42B
50.98M
1.38%
97.35%
1.83%
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