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Oct 31, 2021

Korn Ferry Q2 2022 Earnings Report

Korn Ferry reported record quarterly fee revenue and EPS in Q2 FY'22.

Key Takeaways

Korn Ferry announced record second quarter fiscal 2022 results with fee revenue of $639.4 million, a 47% increase year-over-year. Diluted earnings per share was $1.38 and adjusted diluted earnings per share was $1.53, both all-time highs. Operating income and Adjusted EBITDA were also all-time highs at $103.8 million and $134.9 million, respectively.

Record quarterly fee revenue of $639.4 million, up 47% from Q2 FY’21.

Record net income attributable to Korn Ferry of $75.8 million.

Record diluted and adjusted diluted earnings per share of $1.38 and $1.53, respectively.

Operating income and Adjusted EBITDA were all-time highs at $103.8 million and $134.9 million, respectively.

Total Revenue
$643M
Previous year: $438M
+47.0%
EPS
$1.53
Previous year: $0.54
+183.3%
Executive Search Engagements Billed
4.37K
Previous year: 3.08K
+41.6%
Executive Search New Engagements
1.83K
Previous year: 1.33K
+37.5%
Digital Subscription License Revenue
$26.3M
Previous year: $22.7M
+15.9%
Gross Profit
$615M
Previous year: $420M
+46.6%
Cash and Equivalents
$725M
Previous year: $553M
+31.1%
Free Cash Flow
$108M
Previous year: $45.7M
+136.6%
Total Assets
$3.12B
Previous year: $2.69B
+15.8%

Korn Ferry

Korn Ferry

Korn Ferry Revenue by Segment

Forward Guidance

Korn Ferry expects Q3 FY'22 fee revenue to be in the range of $640 million and $660 million and diluted earnings per share to range between $1.38 to $1.56. Adjusted diluted earnings per share is expected to be in the range from $1.42 to $1.58.

Revenue & Expenses

Visualization of income flow from segment revenue to net income