For the fiscal first quarter, the executive search company reported earnings of 43 cents a share, beating the Capital IQ Consensus Estimate of 40 cents a share by 3 cents. Revenue grew 9.6% from the year-ago quarter $260.32 million for the quarter. Analysts expected revenue of $249.58 million for the quarter.
"I'm pleased with Korn Ferry's performance during the quarter and our continued profitability," CEO Gary D. Burnison said. "I am especially proud that all three service lines showed growth during the quarter resulting in a fee revenue increase of 10%, with an adjusted diluted earnings per share of $0.43, up 30% year over year."
TheStreet Ratings team rates KORN/FERRY INTERNATIONAL as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate KORN/FERRY INTERNATIONAL (KFY) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins."