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 (NYSE: KFY) announces new appointments to its Board of Directors. Charles Harrington joins as a Board Director, bringing nearly 40 years of experience in strategy and operations, including leadership roles at Parsons Corporation. Christina Gold retires after serving since 2014, while Jerry Leamon steps up as Non-Executive Chair. George Shaheen also retires after over 12 years of service. CEO Gary D. Burnison expresses confidence in Harrington's contributions to enhance Korn Ferry's services and strategy integration.
Korn Ferry has released its study, Women CEOs Speak Today, which reflects on the progress made in the representation of women CEOs in Fortune 500 companies. The study updates a 2017 research and indicates that the percentage of women CEOs has increased from 6% to 15% over five years, aligning with The Rockefeller Foundation's goal of 20% by 2025. The report highlights challenges women face in reaching CEO positions and emphasizes the need for organizational support and development opportunities to foster female leadership in corporate America.
Korn Ferry (NYSE:KFY) has been recognized as the leading Recruitment Process Outsourcing (RPO) provider in HRO Today Magazine’s 2022 Baker’s Dozen list for the 14th time. The rankings are based on surveys of RPO buyers and assess the quality and breadth of services, including the scale of deals. Korn Ferry topped the list globally and was also rated No. 1 for service quality. This recognition highlights the company's delivery capabilities in a competitive market and underscores its commitment to innovative solutions for clients.
Korn Ferry reported Q1 FY'23 fee revenue of $695.9 million, a 19% increase year-over-year (24% at constant currency). Net income was $77.2 million, with diluted and adjusted diluted EPS at $1.45 and $1.50, respectively. Operating income rose to $111.6 million (16.0% margin), and Adjusted EBITDA reached $132.2 million (19.0% margin). The company repurchased 370,000 shares for $22.4 million. Despite strong revenue growth, the operating margin declined from 17.3% to 16.0%, raising concerns about cost management amidst increases in compensation and administrative expenses.
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.
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.
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.
