Korn/Ferry International (NYSE:KFY) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.5%.
Korn/Ferry International Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 50% to $0.33 in the quarter versus EPS of $0.22 in the year-earlier quarter.
Revenue: Rose 21.21% to $237.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Korn/Ferry International reported adjusted EPS income of $0.33 per share. By that measure, the company beat the mean analyst estimate of $0.30. It beat the average revenue estimate of $225 million.
Quoting Management: “I am pleased with our continued momentum and operating results during the first quarter. With our leadership team effectively driving our strategy, we have increased revenue within our flagship Search business and broader talent management offering year over year – most important with strong margin expansion and earnings per share growth in the quarter, on an adjusted basis,” said Gary D. Burnison, CEO, Korn/Ferry International. “We are making our brand more elastic with 40 percent of the revenue mix from broader talent management offerings in the quarter. Today’s businesses are increasingly borderless and knowledge-based, and asking their workforce to do much more, with much less. Irrespective of industry or geography, talent is a driver of success. Accordingly, Korn/Ferry is transforming its business, helping organizations navigate this complex environment by linking their business and talent strategies.”
Key Stats (on next page)…