More on Korn/Ferry's FQ3

|About: Korn/Ferry International (KFY)|By:, SA News Editor

Korn/Ferry (NYSE:KFY) reports Fee revenue rose 14% on a constant currency basis in FQ3.

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.

Subscribe for full text news in your inbox