Korn/Ferry International News Release (06/17/13)

Korn/Ferry International reported $238.6 million in revenue for the fourth quarter of fiscal 2013, up from $207.6 million during the same period last year. The company reported net income of $12.2 million, compared with $12 million in the fourth quarter of 2012. It also reported revenue of $849.7 million for fiscal 2013, up from $826.8 million during fiscal 2012. The company’s net income for the year was $33.3 million, down from $54.3 million last year.

Korn/Ferry International’s executive recruitment segment reported revenue of $142.8 million for the fourth quarter and $544.8 million for the year, down from $143.4 million in the fourth quarter of 2012 and $586.5 million in fiscal 2012. The segment’s North American fee revenue was $77.5 million in the fourth quarter, up from $76.3 million in the fourth quarter of 2012, and $290.3 million for the year, down from $305.7 million in fiscal 2012.

The company’s leadership and talent consulting segment reported revenue of $63.1 million for the fourth quarter and $176.6 million for the year, up from $33.2 million in the fourth quarter of 2012 and $120.3 million in fiscal 2012. Its Futurestep segment reported quarterly revenue of $32.7 million, up from $31 million a year ago, and revenue of $128.3 million for the year, up from $120 million in fiscal 2012.