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.
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Korn Ferry reported Q3 FY’23 fee revenue of $680.8 million, flat compared to Q3 FY’22 but up 4% at constant currency. Net income fell to $11.2 million with diluted EPS at $0.21. Adjusted diluted EPS was $1.01. Operating income sharply dropped to $12.5 million with an operating margin of 1.8%, down from 18.6% year-over-year. The company repurchased 462,500 shares for $25.0 million and declared a quarterly dividend of $0.15 per share. The recent acquisition of Salo enhances the interim services segment, which now represents over 10% of total revenue. Q4 FY’23 revenue guidance ranges from $690 million to $710 million.
Korn Ferry (NYSE: KFY) will participate in the Bank of America Securities 2023 Information and Business Services Conference on March 16, 2023. EVP Robert Rozek is scheduled for a fireside chat at 1:00 p.m. EST. The event will be streamed live and accessible to the public, with a replay available afterward. This participation highlights Korn Ferry's ongoing commitment to sharing insights on organizational consulting and workforce development.
For further information, access the event through here or via the Investor Relations page.
Korn Ferry (NYSE:KFY) will announce its third quarter fiscal year 2023 financial results, covering the period ended January 31, 2023, on March 8, 2023. A press release detailing these results will be issued before the market opens, followed by a live webcast at 12:00 p.m. EST on the same day. Investors can access the webcast and accompanying slides via Korn Ferry's investor relations website. The firm specializes in organizational consulting, assisting clients in optimizing structures, hiring talent, and developing workforce strategies.
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Korn Ferry (NYSE: KFY) has successfully completed its acquisition of Salo, LLC, enhancing its portfolio in finance, accounting, and HR talent solutions. Salo specializes in providing interim talent services, particularly in the healthcare sector. The acquisition is anticipated to boost Korn Ferry's adjusted earnings immediately, although specific financial terms were not disclosed. This strategic move aims to strengthen Korn Ferry's organizational consulting capabilities, potentially increasing market share and driving future revenue growth.
Korn Ferry (NYSE: KFY) has announced its agreement to acquire Salo, LLC, a prominent provider of finance, accounting, and HR interim talent. This acquisition, expected to close on February 1, 2023, aims to enhance Korn Ferry's portfolio in organizational consulting by integrating Salo's professional solutions, especially in healthcare. Korn Ferry's CEO, Gary D. Burnison, highlighted the strategic importance of this move in addressing the high demand for interim professionals. The deal is projected to be immediately accretive to Korn Ferry’s adjusted earnings, although specific terms were not disclosed.