Fee revenue break-up: Executive recruitment: $154.65M (+8%); Hay group: $140.51M (+118%); Futurestep: $50M (+17%).
Adjusted EBITDA margin decreased 210 bps to 13.6%.
The company completed the acquisition of Hay Group on December 1, 2015.
FQ4 Guidance: Adjusted Fee revenue: $385M to $405M; Fee revenue: $379M to $399M; Hay group revenue: ~115M to ~119M; Adjusted EBITDA margin: 16% to 17%; Diluted EPS: $0.11 to $0.26; Adjusted EPS: $0.50 to $0.58.
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