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 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.