Korn/Ferry International (KFY) Tops Q1 EPS by 7c, Revenues Beat; Offers 2Q EPS/Revenues Outlook
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Korn Ferry Announces First Quarter Fiscal 2019 Results of Operations
September 6, 2018 4:05 PM EDTLOS ANGELES, Sept. 6, 2018 /PRNewswire/ --
Highlights
Korn Ferry reports fee revenue of $465.6 million in Q1 FY'19, a 16.0% increase from Q1 FY'18, driven by organic growth in all solutions. During the first quarter the Company announced a rebranding campaign under which it is sunsetting all sub-brands and moving to one unified brand Korn Ferry. In connection with this, the Company incurred a charge in the amount of $106.6 million related to tradenames from prior acquisitions that the Company will no longer be using, resulting in an operating loss of $55.1 million with an operating margin of... More