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Korn Ferry Q4 revenue $440.5 million

Christian Fernsby |
Korn Ferry announced fourth quarter and annual fee revenue of $440.5 million and $1,932.7 million, respectively.

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Topics: KORN FERRY   

Other highlights:

Korn Ferry reports annual fee revenue of $1,932.7 million, essentially flat year-over-year (2.2% increase on a constant currency).

Net income attributable to Korn Ferry was $104.9 million in FY'20 with an operating margin of 9.1% and Adjusted EBITDA of $301.0 million and Adjusted EBITDA margin of 15.6%.

Fee revenue was $440.5 million in Q4 FY'20, a decrease of 10% (7.9% on a constant currency) as compared to Q4 FY'19.

Net loss attributable to Korn Ferry was $0.8 million in Q4 FY'20, with an operating margin of 5.0%. Adjusted EBITDA was $69.6 million in Q4 FY'20 with an Adjusted EBITDA margin of 15.8%.

Q4 FY'20 diluted loss per share was $0.02 compared to diluted earnings per share of $0.89 in Q4 FY'19. Adjusted diluted earnings per share was $0.60 in Q4 FY'20 compared to $0.88 in Q4 FY'19.

The Company ended the year with a strong liquidity position with total cash and cash equivalents and marketable securities of $863 million, and after setting aside amounts for bonus payments and deferred compensation arrangements, investable cash was $532 million.

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