Korn Ferry Reports Earnings Results for the Third Quarter and Nine Months Ended January 31, 2024
March 06, 2024 at 06:45 am EST
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Korn Ferry reported earnings results for the third quarter and nine months ended January 31, 2024. For the third quarter, the company reported revenue was USD 676.87 million compared to USD 686.85 million a year ago. Net income was USD 59.07 million compared to USD 11.25 million a year ago. Basic earnings per share from continuing operations was USD 1.14 compared to USD 0.21 a year ago. Diluted earnings per share from continuing operations was USD 1.13 compared to USD 0.21 a year ago.
For the nine months, revenue was USD 2,095.58 million compared to USD 2,125.71 million a year ago. Net income was USD 103.97 million compared to USD 162.04 million a year ago. Basic earnings per share from continuing operations was USD 2 compared to USD 3.07 a year ago. Diluted earnings per share from continuing operations was USD 1.99 compared to USD 3.05 a year ago.
Korn Ferry is a global organizational consulting firm. The Company works with organizations to design their structures, roles, and responsibilities. Its businesses include consulting, digital, executive search, professional search & interim, and recruitment process outsourcing (RPO). Its consulting business aligns organizational structure, culture, performance, development, and people to drive growth by addressing four fundamental organizational and talent needs: organization strategy, assessment and succession, leadership and professional development, and total rewards. The Company's digital business builds, sells and delivers its technology products. Its executive search business helps organizations recruit board-level, chief executive, and other c-suite/senior executive and general management talent. Its professional search & interim business delivers enterprise talent acquisition solutions. The Company's RPO business offers scalable recruitment outsourcing and projects solutions.