Korn/Ferry Int'l (KFY) Tops Q2 EPS by 7c

December 4, 2013 4:13 PM
Korn/Ferry Int'l (NYSE: KFY) reported Q2 EPS of $0.41, $0.07 better than the analyst estimate of $0.34. Revenue for the quarter came in at $238 million versus the consensus estimate of $234.19 million.

"I am extremely proud of what Korn Ferry has accomplished. The second quarter represented the strongest top line results in the company's history and represents a 23% year over year increase in fee revenue, or 8% excluding the prior year acquisitions, on a constant currency basis. Once again, we delivered strong margin expansion and earnings per share growth in the quarter. Our firm's alignment to broad talent management offerings is taking hold, as evidenced by our non-Search businesses generating 41% of the revenue mix aided by the performance of the prior year acquisitions – an all-time high," said Gary D. Burnison, CEO of Korn Ferry. "In the current economy, the winning companies will be those that can find and develop outperforming leaders in an underperforming economy. This environment is creating an opportunity for Korn Ferry – as we help clients drive growth by more effectively linking their business and talent strategies."

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