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 reports news on its global consulting business, including executive search, professional search and interim staffing, recruitment process outsourcing, consulting and digital talent solutions. Company updates commonly cover quarterly fee revenue, earnings, segment performance, signed-contract activity and non-GAAP operating measures tied to its talent and organizational consulting model.
Recurring announcements also include product and platform launches such as Korn Ferry Talent Suite, recognition in executive recruiting and professional search rankings, dividend actions, board and committee changes, and other governance developments. The company frames its services around synchronizing strategy, operations and talent for organizations across major industries.
Korn Ferry (NYSE: KFY) has appointed Grant Duncan as senior client partner and Managing Director for Media, Entertainment, and Digital EMEA based in London. Previously, Duncan led the UK’s Technology, Media, and Telecommunications practice at a global advisory firm, focusing on digital transformation. He has over 25 years of experience in advertising, including serving as CEO of Publicis Group's UK operations. His expertise will support leading media and entertainment businesses in adapting to digital challenges.
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Korn Ferry (NYSE: KFY) has expanded its operations in Russia by adding a skilled team of executive search and organizational consulting professionals. This move enhances Korn Ferry's capabilities in the region, preparing the firm to better meet client needs. Yaroslav Glazunov, Margarita Koshman, Anton Storozhenko, and Gennady Vanin bring extensive experience from global executive search firms, targeting leadership development and executive search. This strategic addition aims to address the complex talent demands of Russian organizations.
Korn Ferry (NYSE: KFY) has appointed Charles 'Charlie' Falcone as a senior client partner and global leader for the academic sector, including academic medicine and higher education. Based in Chicago, Falcone brings over 30 years of experience in clinical healthcare and executive search. Previously, he led the education practice at a global executive search firm and has held leadership roles in healthcare systems. His extensive background includes recruiting for senior positions in academic institutions and health-related organizations. This strategic hire aims to enhance Korn Ferry's capabilities in healthcare leadership recruitment.
Korn Ferry (NYSE: KFY) has appointed Jena Abernathy as a senior client partner and sector leader of Healthcare Board Services. Abernathy brings extensive experience from her previous roles in executive search and advisory for healthcare organizations, including hospitals and private equity clients. She has a notable background in managing human resources services and has led significant transformations in the healthcare sector. Korn Ferry's president highlighted Abernathy's strategic advisory skills and deep industry expertise as key assets for enhancing client services.
Korn Ferry (NYSE: KFY) announces the appointment of Michael Morcos as Vice Chairman of the CEO and Board practice in EMEA, operating from Dubai and London. With over 20 years in management consulting and executive search, Morcos previously led a global search firm's Dubai office and was the Managing Partner for the Middle East and North Africa.
His extensive experience includes work with multinational corporations, governments, and financial institutions. Morcos holds degrees in Aeronautical and Aerospace Engineering from Imperial College London and Stanford University.
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Korn Ferry reported Q2 FY'21 fee revenue of $435.4 million, a 12% decline from Q2 FY'20, despite a 27% sequential increase from Q1 FY'21. Net income was $27.8 million with an operating margin of 11.1%. Adjusted EBITDA was $66.2 million, yielding a margin of 15.2%. The results were impacted by COVID-19, leading to a drop in demand across services, though Digital revenue rose due to recent acquisitions. Korn Ferry suspended specific Q3 guidance amid ongoing uncertainties regarding the pandemic.
Korn Ferry (NYSE:KFY) will release its Q2 FY2021 financial results on November 23, 2020, covering the period that ended on October 31, 2020. Investors can expect a press release before market opening, followed by a live webcast at 12:00 p.m. EST, hosted by CEO Gary Burnison and CFO Robert Rozek. This announcement highlights Korn Ferry's ongoing commitment to transparency and communication with its shareholders.
Korn Ferry (NYSE: KFY) has appointed Travis Parsons as a senior client partner within its Global Technology practice, located in Silicon Valley. Parsons, formerly with a global executive search firm, specializes in CFO and senior executive searches across technology, media, and telecommunications. His expertise extends to advising Fortune 500 companies and private equity-backed firms. With a background in economics and an MBA from Cornell University, he brings valuable experience from his roles at Goldman Sachs and Credit Suisse First Boston. This strategic hire aims to enhance Korn Ferry's advisory capabilities.