Korn Ferry reported Q1 FY'25 fee revenue of $674.9 million, a 3% year-over-year decrease. Diluted EPS was $1.17 and adjusted diluted EPS was $1.18. Operating margin increased to 11.3%, and adjusted EBITDA margin reached 16.5%.
Fee revenue decreased by 3% year-over-year, but Executive Search fee revenue increased by 2%.
Consulting and Digital fee revenue remained stable year-over-year.
Diluted earnings per share was $1.17 and adjusted diluted earnings per share was $1.18.
Adjusted EBITDA margin improved to 16.5%, marking the fifth consecutive quarter of sequential improvement.
Korn Ferry expects Q2 FY'25 fee revenue to be in the range of $655 million to $685 million, with diluted earnings per share between $1.11 and $1.23, and adjusted diluted earnings per share between $1.14 and $1.26.
Visualization of income flow from segment revenue to net income