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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 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.
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.
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.
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.
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.
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.
Korn Ferry (NYSE: KFY) announced the addition of Lars Rønn as a senior client partner in the Life Sciences practice, based in Copenhagen. Rønn joins from a global executive search firm, where he focused on the Healthcare sector, particularly in the pharmaceutical and biotechnology fields. His extensive experience includes commercial roles in publicly listed medical device and diagnostic firms. With a Bachelor of Science from the Copenhagen Business School, Rønn is expected to enhance Korn Ferry's talent strategy capabilities.
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