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Korn Ferry Q1 fee revenue $585.4 million

Christian Fernsby |
Korn Ferry announced record first quarter fee revenue of $585.4 million.

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In addition, first quarter diluted earnings per share was $1.37, an all-time high.

The Company reported record fee revenue in Q1 FY’22 of $585.4 million, an increase of 70% (up 63% on a constant currency basis) compared to Q1 FY’21. Fee revenue increased in all lines of business.

The increase in fee revenue when compared to Q1 FY’21 was primarily due to the increasing relevance of the Company’s solutions in helping businesses solve their organizational and human capital issues in today’s business environment, as well as the Company’s recovery from the economic impact of the coronavirus pandemic which adversely impacted the Company on a worldwide basis in Q1 FY’21.

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