Korn Ferry (KFY) Tops Q4 EPS by 21c

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Korn Ferry Announces Fourth Quarter and Fiscal 2020 Results of Operations

July 2, 2020 9:05 AM EDT

LOS ANGELES, July 2, 2020  /PRNewswire/ --

Highlights

Korn Ferry reports annual fee revenue of $1,932.7 million, essentially flat year-over-year (2.2% increase on a constant currency). Net income attributable to Korn Ferry was $104.9 million in FY'20 with an operating margin of 9.1% and Adjusted EBITDA of $301.0 million and Adjusted EBITDA margin of 15.6%. Fee revenue was $440.5 million in Q4 FY'20, a decrease of 10% (7.9% on a constant currency) as compared to Q4 FY'19. Net loss attributable to Korn Ferry was $0.8 million in Q4 FY'20, with an operating margin of 5.0%.  Adjusted EBITDA was... More