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Jan 31, 2020

Korn Ferry Q3 2020 Earnings Report

Korn Ferry reported fee revenue of $515.3 million, net income of $20.0 million, and diluted earnings per share of $0.36 for Q3 FY'20.

Key Takeaways

Korn Ferry announced third quarter fiscal 2020 results, reporting fee revenue of $515.3 million, a 9% increase compared to Q3 FY'19. Net income attributable to Korn Ferry was $20.0 million, and diluted earnings per share was $0.36. Adjusted diluted earnings per share was $0.75.

Fee revenue increased by 9% to $515.3 million.

Net income attributable to Korn Ferry was $20.0 million.

Diluted earnings per share was $0.36, and adjusted diluted earnings per share was $0.75.

The company completed the acquisition of Miller Heiman Group, AchieveForum and Strategy Execution, now part of Korn Ferry Digital.

Total Revenue
$528M
Previous year: $486M
+8.6%
EPS
$0.75
Previous year: $0.81
-7.4%
Executive Search Engagements Billed
3.77K
Executive Search New Engagements
1.57K
Digital Subscription License Revenue
$21.3M
Gross Profit
$485M
Previous year: $457M
+5.9%
Cash and Equivalents
$564M
Previous year: $490M
+15.2%
Free Cash Flow
$151M
Previous year: $121M
+25.2%
Total Assets
$2.74B
Previous year: $2.22B
+23.5%

Korn Ferry

Korn Ferry

Korn Ferry Revenue by Segment

Forward Guidance

Due to the uncertainty caused by the coronavirus, Korn Ferry will not be issuing any specific revenue and earnings guidance for the fourth quarter.

Revenue & Expenses

Visualization of income flow from segment revenue to net income