Korn Ferry (KFY) Tops Q2 EPS by 2c, Offers Guidance

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Go back to Korn Ferry (KFY) Tops Q2 EPS by 2c, Offers Guidance

Korn Ferry Announces Second Quarter Fiscal 2023 Results of Operations

December 8, 2022 6:45 AM EST

Highlights

Korn Ferry reports fee revenue of $727.8 million in Q2 FY23, an increase of 14% (20% at constant currency) from Q2 FY22 and a sequential increase of 5% (7% on a constant currency basis) from Q1 FY'23. Net income attributable to Korn Ferry was $73.5 million in Q2 FY23, while diluted and adjusted diluted earnings per share were $1.38 and $1.43 in Q2 FY23, respectively. Operating income and Adjusted EBITDA were $119.6 million (operating margin of 16.4%) and $131.1 million (Adjusted EBITDA margin of 18.0%), respectively, in Q2 FY23. The Company repurchased 622,500 shares of stock during the quarter for $33.1 million. Declared a quarterly... More