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 (NYSE: KFY) is a global consulting firm in the human resources consulting services industry, with a focus on human capital and organizational performance. The company’s news flow reflects its role in synchronizing strategy, operations, and talent for organizations across major industries, as well as its use of proprietary talent IP, data, and technology.
On this page, readers can follow Korn Ferry news that covers its consulting, digital, executive search, professional search & interim, and recruitment process outsourcing activities. Company announcements include quarterly and annual results of operations, where Korn Ferry reports fee revenue by segment, adjusted EBITDA, and metrics such as estimated remaining fees under existing contracts, engagements billed, and subscription and license revenue.
Investors can also track corporate actions such as quarterly cash dividend declarations and changes to the share repurchase program, which Korn Ferry describes as elements of a balanced capital allocation approach. Additional news items highlight participation in investor conferences and live webcasts for earnings releases, providing context on how management presents the firm’s strategy and performance.
Another important news theme is the company’s technology and data capabilities. Korn Ferry has announced the Korn Ferry Talent Suite, a SaaS platform that embeds its talent IP, data, advanced analytics, and AI into client workflows, and makes applications such as Architect, Assess, Pay, Recruit, and Sell available through subscription- and license-based offerings.
By reviewing Korn Ferry news, readers can see how the firm develops its segments, reports financial results, and introduces technology platforms that support its position in human resources consulting services. This page is a resource for following the company’s ongoing disclosures, strategic updates, and capital markets communications.
Korn Ferry (NYSE: KFY) has announced the appointment of Jeff Constable as the new Global Co-head of its Financial Officers practice. He brings extensive experience from a global executive search firm, specializing in financial services and insurance sectors. Constable has a strong track record in advising clients on executive searches, leadership transitions, and succession planning. Doug Charles, president of North America at Korn Ferry, emphasized the value Constable’s expertise will add for clients. He holds a mathematics degree from Duke University and an M.B.A. from the University of Michigan.
Korn Ferry (NYSE: KFY) announces the appointment of Satish Gannu as the new Chief Technology Officer of Korn Ferry Digital, based in San Francisco. Gannu comes from ABB, where he led significant digital transformation initiatives, including the cloud-native ABB Ability™ platform. He has extensive experience in cybersecurity and cloud solutions from previous roles at Vidder and Cisco, holding 20 patents in technology. His expertise is expected to accelerate the development of Korn Ferry's Intelligence Cloud™ product suite.
Korn Ferry (NYSE: KFY) has appointed Henrik Maartensson as a senior leader in its Global Private Equity and Industrial practices. Previously co-leading the EMEA region at a global executive search firm, Maartensson brings significant experience in leadership advisory for board and C-level roles. His background includes nearly 20 years in the transportation and logistics industry with Deutsche Post DHL. With degrees in logistics and an MBA, he aims to enhance Korn Ferry's capabilities in recruiting senior executives across various industry sectors.
Korn Ferry reported Q1 FY'21 fee revenue of $344.1 million, a 29% decrease year-over-year, largely attributed to COVID-19 impacts. The company experienced a net loss of $30.8 million and an operating loss of $43.8 million, with an operating margin of (12.7%). Adjusted EBITDA stood at $10.6 million (margin of 3.1%). CEO Gary D. Burnison noted early signs of recovery, citing improving new business metrics. However, due to ongoing pandemic uncertainties, specific revenue or earnings guidance for Q2 FY'21 was not provided.
Korn Ferry reported FY'20 fee revenue of $1,932.7 million, roughly unchanged from FY'19, with a net income of $104.9 million. In Q4 FY'20, fee revenue fell to $440.5 million, a 10% decline compared to Q4 FY'19, resulting in a net loss of $0.8 million. Operating margin decreased to 5.0% while Adjusted EBITDA stood at $69.6 million with a margin of 15.8%. The company maintained a solid liquidity position with $863 million in cash and equivalents. A quarterly dividend of $0.10 per share was declared for stockholders.