Korn/Ferry International News Release (06/13/12)
Korn/Ferry International has announced near record fiscal year 2012 fee revenue of $790.5 million compared with fee revenue of $744.3 million in FY 2011. FY 2012 diluted earnings per share was $1.15, and excluding separation and restructuring charges, net, adjusted diluted earnings per share was $1.19 for FY 2012. Fee revenue was $198.1 million in the fourth quarter of FY 2012, compared with $197.3 million in the fourth quarter of FY 2011, an increase of $0.8 million.
“I am pleased with our results for the fiscal year and our overall progress in making the Korn/Ferry brand synonymous with talent management,” says Gary Burnison, CEO of Korn/Ferry International. “For the fiscal year, we increased our global revenue 6% to $790 million, with an adjusted operating
margin of almost 11%. Our newer offerings, Futurestep and Leadership and Talent Consulting, experienced double digit growth for the fiscal year, further validating our differentiated strategy.”
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