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Jan 31, 2023
Korn Ferry Q3 2023 Earnings Report
Korn Ferry reported essentially flat fee revenue with a slight increase at constant currency, while diluted earnings per share were $0.21 and adjusted diluted earnings per share was $1.01.
Key Takeaways
Korn Ferry announced third quarter fiscal 2023 results with fee revenue of $680.8 million, essentially flat compared to the previous year but up 4% at constant currency. Diluted earnings per share were $0.21, and adjusted diluted earnings per share were $1.01. The company's Adjusted EBITDA was $96 million, representing a 14.1% margin.
Fee revenue was $680.8 million, essentially flat year-over-year (up 4% at constant currency).
Net income attributable to Korn Ferry was $11.2 million, or $0.21 per diluted share.
Adjusted EBITDA was $96.1 million, with a margin of 14.1%.
The company repurchased 462,500 shares of stock for $25.0 million during the quarter.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Korn Ferry expects Q4 FY'23 fee revenue to be in the range of $690 million and $710 million, with diluted earnings per share between $0.89 and $0.98, and adjusted diluted earnings per share between $0.97 and $1.05.
Positive Outlook
- Q4 FY’23 fee revenue is expected to be in the range of $690 million and $710 million.
- Q4 FY’23 diluted earnings per share is expected to range between $0.89 to $0.98.
- Q4 FY’23 adjusted diluted earnings per share is expected to be in the range from $0.97 to $1.05.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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