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.
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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.