Korn Ferry Reports Earnings Results for the Second Quarter and Six Months Ended October 31, 2023
December 06, 2023 at 06:45 am EST
Share
Korn Ferry reported earnings results for the second quarter and six months ended October 31, 2023. For the second quarter, the company reported revenue was USD 712.45 million compared to USD 735.72 million a year ago. Net loss was USD 1.71 million compared to net income of USD 73.54 million a year ago. Basic loss per share from continuing operations was USD 0.04 compared to basic earnings per share from continuing operations of USD 1.39 a year ago. Diluted loss per share from continuing operations was USD 0.04 compared to diluted earnings per share from continuing operations of USD 1.38 a year ago.
For the six months, revenue was USD 1,418.71 million compared to USD 1,438.87 million a year ago. Net income was USD 44.89 million compared to USD 150.79 million a year ago. Basic earnings per share from continuing operations was USD 0.86 compared to USD 2.85 a year ago. Diluted earnings per share from continuing operations was USD 0.86 compared to USD 2.83 a year ago.
Korn Ferry is an organizational consulting company. The Company operates through eight segments: Consulting, Digital, Executive Search North America, Executive Search EMEA, Executive Search Asia Pacific, Executive Search Latin America, Professional Search & Interim and RPO. Its segments operate through five lines of business: Consulting, Digital, Executive Search, Professional Search & Interim and recruitment process outsourcing (RPO). Consulting aligns organization structure, performance and people to drive growth by addressing organizational strategy, assessment, succession, and leadership. Digital uses an artificial intelligence-based machine-learning platform to identify structure, roles, capabilities and behaviors needed. Executive Search helps organizations recruit board level, chief executive and other senior executive and general management talent. Professional Search & Interim delivers enterprise talent acquisition solutions for professional level middle and upper management.