Korn Ferry - KFY STOCK NEWS

Korn Ferry (NYSE: KFY) has launched the Korn Ferry Intelligence Cloud, an AI-enabled talent analytics platform aimed at enhancing talent acquisition and management. This platform integrates labor market data with clients' HRIS data to tackle workforce shortages. It provides real-time insights for strategic talent decisions and helps design future workforce blueprints. The initiative emphasizes optimizing talent management to maintain a competitive edge and accelerate talent mobility.

Korn Ferry reports record Q2 FY’22 fee revenue of $639.4 million, marking a 47% increase from Q2 FY’21 and a 9% rise from Q1 FY’22. The company achieved record net income of $75.8 million with diluted EPS of $1.38 and adjusted diluted EPS of $1.53. Operating income reached $103.8 million (16.2% margin) while adjusted EBITDA was $134.9 million (21.1% margin). A quarterly dividend of $0.12 per share was declared. Korn Ferry’s growth is attributed to strong new business in consulting and digital services against a backdrop of workforce transformation.

Korn Ferry (NYSE: KFY) has announced the appointment of Jaime Massar as a senior client partner in its global Legal practice, based in Los Angeles. Massar joins from another executive search firm, bringing expertise in placing general counsels and senior legal officers in high-growth sectors. Doug Charles, President of Americas at Korn Ferry, expressed confidence that her skills and relationships will enhance service for clients during transformational periods. Massar holds a BA in history and a Juris Doctor from respected institutions and is a member of the State Bar of California.

Korn Ferry (NYSE:KFY) has announced the launch of a new book titled The Five Graces of Life and Leadership. This book explores essential leadership qualities needed in today's work environment, emphasizing five key attributes: Gratitude, Resilience, Aspiration, Courage, and Empathy. CEO Gary D. Burnison highlights the importance of community and connectivity in leadership, especially in a hybrid work setting. The book aims to provide guidance for leaders navigating rapid changes in business and social landscapes.

Korn Ferry (NYSE:KFY) will release its financial results for the second quarter of fiscal year 2022 on December 8, 2021. The announcement will occur before the market opens, with a live webcast scheduled for 12:00 p.m. EST on the same day, featuring CEO Gary Burnison and CFO Robert Rozek. Investors can access the webcast and accompanying slides via Korn Ferry's investor relations website.

As a global organizational consulting firm, Korn Ferry aids clients in designing effective organizational structures and workforce management.

Korn Ferry (NYSE: KFY) has successfully completed its acquisition of Lucas Group, significantly enhancing its professional search and contracting capabilities. Although the financial terms are undisclosed, the deal is projected to boost Korn Ferry's adjusted earnings immediately. This acquisition is expected to strengthen Korn Ferry's position in the market and improve its search portfolio with Lucas Group's expertise.

Korn Ferry (NYSE: KFY) has announced its plan to acquire Lucas Group, a professional search and contract staffing firm. This strategic acquisition aims to enhance Korn Ferry's search portfolio and leverage Lucas Group's expertise in various sectors like finance, IT, and sales. The transaction is expected to close by November 1 and is anticipated to be immediately accretive to Korn Ferry's adjusted earnings. The combination is seen as a timely move to capitalize on the evolving work landscape and support client needs for specialized talent.

Korn Ferry (NYSE: KFY) has announced the election of Laura Bishop to its board of directors. With nearly 20 years of experience, Bishop previously served as Executive Vice President and Chief Financial Officer at USAA until December 2020. Her leadership at USAA, a Fortune 100 company, and prior roles at Luby’s Inc. and Ernst & Young highlight her expertise in financial management. Bishop will join the audit committee and the compensation and personnel committee, with expectations of enhancing Korn Ferry's strategic direction and financial oversight.

Korn Ferry (NYSE: KFY) has been named one of the '2021 100 Best Companies for Parents' by Seramount, recognizing its inclusive benefits for families during COVID-19. The company offers family-friendly policies, including gender-neutral parental leave and backup childcare. Korn Ferry also expanded mental health and childcare benefits in response to the pandemic. This acknowledgment highlights the firm's commitment to supporting working parents and creating an inclusive workplace culture. The recognition is based on comprehensive evaluations of leave policies, workforce representation, and flexibility.