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Korn Ferry
🇺🇸 NYSE:KFY
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•
Apr 30, 2020

Korn Ferry Q4 2020 Earnings Report

Korn Ferry reported a decrease in fee revenue and a net loss for the fourth quarter of fiscal year 2020.

Key Takeaways

Korn Ferry announced its Q4 and Fiscal Year 2020 results, with Q4 fee revenue at $440.5 million, a 10% decrease year-over-year. The company reported a net loss of $0.8 million for the quarter, with adjusted diluted earnings per share at $0.60.

Fee revenue was $440.5 million in Q4 FY’20, a decrease of 10% as compared to Q4 FY’19.

Net loss attributable to Korn Ferry was $0.8 million in Q4 FY’20, with an operating margin of 5.0%.

Q4 FY’20 diluted loss per share was $0.02 and adjusted diluted earnings per share was $0.60.

The Company ended the year with total cash and cash equivalents and marketable securities of $863 million.

Total Revenue
$449M
Previous year: $503M
-10.7%
EPS
$0.6
Previous year: $0.88
-31.8%
Executive Search Engagements Billed
3.42K
Previous year: 3.94K
-13.2%
Executive Search New Engagements
1.23K
Previous year: 1.72K
-28.4%
Digital Subscription License Revenue
$20.9M
Previous year: $14.6M
+43.2%
Gross Profit
$421M
Previous year: $470M
-10.5%
Cash and Equivalents
$689M
Previous year: $626M
+10.0%
Free Cash Flow
$172M
Previous year: $148M
+15.8%
Total Assets
$2.74B
Previous year: $2.33B
+17.5%

Korn Ferry

Korn Ferry

Korn Ferry Revenue by Segment

Forward Guidance

Due to the uncertainty caused by COVID-19, Korn Ferry will not issue specific revenue or earnings guidance for the first quarter of FY'21. The company plans to reassess the suspension of guidance once the coronavirus uncertainties have largely passed.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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