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HOULIHAN LOKEY Houlihan Lokey Reports Second Quarter Fiscal 2022 Financial Results - Second Quarter Fiscal 2022 Revenues of $ 537 million - Second Quarter Fiscal 2022 Diluted EPS of $ 1.65 – - Adjusted Second Quarter Fiscal 2022 Diluted EPS of $ 1.71 - - Announces Dividend of $ 0.43 per Share for Third Quarter Fiscal 2022 - LOS ANGELES and NEW YORK October 28 , 2021 - Houlihan Lokey , Inc. ( NYSE : HLI ) ( " Houlihan Lokey " or the " Company " ) today reported financial results for its second quarter ended September 30 , 2021. For the second quarter ended September 30 , 2021 , revenues were $ 537 million , compared with $ 276 million for the second quarter ended September 30 , 2020 . Net income was $ 113 million , or $ 1.65 per diluted share , for the second quarter ended September 30 , 2021 , compared with $ 49 million , or $ 0.70 per diluted share , for the second quarter ended September 30 , 2020. Adjusted net income for the second quarter ended September 30 , 2021 was $ 117 million , or $ 1.71 per diluted share , compared with $ 52 million , or $ 0.75 per diluted share , for the second quarter ended September 30 , 2020 . " We are beginning our third fiscal quarter with record year - to - date results and the completion of the largest acquisition in the firm's history . I want to welcome our new colleagues from GCA to the Houlihan Lokey family . As a combined firm , we meaningfully increase our capabilities in the strategically important technology and technology related industry sectors , and become an even more formidable provider of investment banking services in Europe and Asia . We believe that this acquisition creates significant strategic and shareholder value for our firm , and we look forward to achieving these goals over the coming years . " stated Scott Beiser , Chief Executive Officer of Houlihan Lokey . ( In thousands , except per share data ) Revenues Operating expenses : Employee compensation and benefits Non - compensation Operating income Other ( income ) / expense , net Income before provision for income taxes Provision for income taxes Net income attributable to Houlihan Lokey , Inc. Diluted earnings per share Revenues Selected Financial Data Three Months Ended September 30 , 2021 2020 $ $ $ 537,272 $ 1 333,374 46,579 157,319 853 156,466 43,583 112,883 1.65 $ U.S. GAAP $ 275,736 177,249 31,612 66,875 ( 196 ) 67,071 18,281 48,790 $ $ 0.70 $ Six Months Ended September 30 , 2021 2020 909,994 $ 565,678 79,321 264,995 752 264,243 65,400 198,843 $ 2.90 $ 486,872 314,370 63,037 109,465 ( 1,357 ) 110,822 15,932 94,890 1.39 For the second quarter ended September 30 , 2021 , revenues were $ 537 million , compared with $ 276 million for the second quarter ended September 30 , 2020. For the second quarter ended September 30 , 2021 , Corporate Finance ( " CF " ) revenues increased 259 % , Financial Restructuring ( " FR " ) revenues decreased ( 34 ) % , and Financial and Valuation Advisory ( " FVA " ) revenues increased 55 % when compared with the second quarter ended September 30 , 2020 .