---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-031642"
form_type: "8-K"
ticker: "KFY"
cik: "0000056679"
company_name: "KORN FERRY"
filed_at: "2023-09-07T23:59:59+00:00"
generated_at: "2026-06-10T23:04:52.458341+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Korn Ferry Q1 FY'24 fee revenue flat at $699M; operating margin halves to 8.1%

## Summary
- GAAP diluted EPS $0.89 vs $1.45 year ago; adjusted diluted EPS $0.99 vs $1.50.
- Operating income $56.8M (8.1% margin) down from $111.6M (16.0%) on flat revenues.
- Adjusted EBITDA $95.7M (13.7% margin) vs $132.2M (19.0%) in prior year quarter.
- Board declared $0.18/share quarterly dividend, payable Oct 13 to holders of record Sep 22.
- Repurchased 90,000 shares for $4.2M during the quarter.

## SEC filing metadata
- accession: 0001628280-23-031642
- form_type: 8-K
- ticker: KFY
- cik: 0000056679
- company_name: KORN FERRY
- filed_at: 2023-09-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/56679/000162828023031642/0001628280-23-031642-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/56679/000162828023031642/kfy-20230906.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-031642
- JSON: https://secwatch.observer/filing/0001628280-23-031642.json
- Plain text: https://secwatch.observer/filing/0001628280-23-031642.txt

## Key facts
- Earnings Releases
  KORN FERRY reported Q1 FY'24 results: revenue $699.2 million, net income $46.6 million, EPS $0.89.
  - Period: Q1 FY'24
  - Revenue: $699.2 million
  - Net income: $46.6 million
  - EPS: $0.89
  - Result: reported results
  source text: Korn Ferry Announces First Quarter Fiscal 2024 Results of Operations Highlights ▪ Korn Ferry reports Q1 FY'24 fee revenue of $699.2 million, essentially flat from Q1 FY'23 . ▪ Net income attributable to Korn Ferry was $46.6 million, while diluted and adjusted diluted earnings per share were $0.89 and $0.99 in Q1 FY'24, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/56679/000162828023031642/0001628280-23-031642-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.