Korn Ferry reports flat Q3 fee revenue at $680.8M; net income plunges 87% YoY to $11.2M

KORN FERRY

2023-Q3 EPS reported $3.05 revenue$2,125,712,000

Fee revenue $680.8M, flat YoY (up 4% constant currency); total revenue $686.8M.
GAAP diluted EPS $0.21 vs $1.54 YoY; adjusted diluted EPS $1.01 vs $1.59 YoY.
Operating margin 1.8% vs 18.6% YoY due to restructuring charges of $41.8M net of tax for workforce realignment and asset impairments.
Completed acquisition of Salo (finance/accounting/HR interim talent) on Feb 1, 2023; will be in Professional Search & Interim segment.
Declared quarterly dividend $0.15 per share, payable Apr 14 to holders of record Mar 28.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KORN FERRY reported third quarter fiscal year 2023 results: revenue $680.8 million, net income $11.2 million, EPS $0.21.

Period: third quarter fiscal year 2023
Revenue: $680.8 million
Net income: $11.2 million
EPS: $0.21
Result: reported results

Exact text from the filing

Korn Ferry Announces Third Quarter Fiscal 2023 Results of Operations Highlights ▪ Korn Ferry reports fee revenue of $680.8 million in Q3 FY’23, essentially flat (increase of 4% at constant currency) from Q3 FY’22. ▪ Net income and adjusted net income attributable to Korn Ferry were $11.2 million and $53.0 million in Q3 FY’23, while diluted and adjusted diluted earnings per share were $0.21 and $1.01 in Q3 FY’23, respectively.

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Source: SEC EDGAR

accession 0001628280-23-006885

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