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Korn Ferry International Announces Third-Quarter Fiscal 2015 Results of Operations

Published March 10, 2015 ■ Headline News

Korn/Ferry International News Release (03/09/15)

Korn/Ferry International reported revenue of $258.9 million in the third quarter of fiscal 2015, up 3.2% from $251 million in the third quarter of fiscal 2014. Net income totaled $23 million, up 8.0% from $21.3 million in the year-ago quarter.

North American revenue totaled $78 million for the quarter, up 1.0% from $77.2 million a year ago. By segment, revenue totaled $149 million for executive recruitment, down 0.5% from $149.7 million; $66 million for Leadership & Talent Consulting, up 2.6% from $64.3 million; and $43.9 million for Futurestep, up 18.7% from $37 million.

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Ortoli | Rosenstadt: What Exactly Is a Seller Responsible for When Selling Its Staffing Firm?

Buyers of a business generally expect sellers to be responsible for certain liabilities relating to when the seller owned its business—a concept mergers and acquisitions professionals refer to as indemnification. Indemnification is one of the most heavily negotiated, and potentially most significant, provisions of a purchase agreement, and understanding the terminology common to such agreements is essential when negotiating a deal. Attorney Paul Pincus of Ortoli Rosenstadt LLP explains what sellers are liable for, how a seller’s liability may be limited, and how buyers may seek to fund potential indemnity claims.

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Korn Ferry International Announces Third-Quarter Fiscal 2015 Results of Operations

Ortoli | Rosenstadt: What Exactly Is a Seller Responsible for When Selling Its Staffing Firm?

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