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Korn Ferry Q1 adjusted EBITDA margin 15.5%

Christian Fernsby |
Korn Ferry announced first quarter fee revenue of $484.5 million with diluted earnings per share of $0.76.

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Topics: KORN FERRY   

Fee revenue was $484.5 million in Q1 FY'20, an increase of 4% (7% increase on a constant currency basis) compared to Q1 FY'19. The increase in fee revenue was due to growth in RPO and Professional Search.

Net income attributable to Korn Ferry was $43.0 million in Q1 FY'20 as compared to a loss of $38.6 million in Q1 FY'19. The increase in net income attributable to Korn Ferry resulted from a decrease in general and administrative expenses mainly due to the $106.6 million tradename write-offs in Q1 FY'19, partially offset by an increase in income tax provision in Q1 FY'20.

Operating margin was 12.5% in Q1 FY'20 compared to (11.8%) in the year-ago quarter. The increase in operating margin was primarily due to the decrease in general and administrative expenses as described above and an increase in fee revenue, partially offset by an increase in compensation and benefits.

Adjusted EBITDA margin was 15.5%, compared to 15.2% in the year-ago quarter.


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