Earnings release
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KORN FERRY® FOR IMMEDIATE RELEASE Contacts : Investor Relations : Gregg Kvochak , ( 310 ) 556-8550 Media : Dan Gugler , ( 310 ) 226-2645 Korn Ferry Announces Third Quarter Fiscal 2021 Results of Operations FY'21 Third Quarter Highlights • • • Fee revenue of $ 475.4 million in Q3 FY'21 , a sequential increase of 9 % from Q2 FY'21 . Record net income attributable to Korn Ferry of $ 51.3 million in Q3 FY'21 . Operating income and Adjusted EBITDA were both all - time highs at $ 65.2 million ( operating margin of 13.7 % ) and $ 96.7 million ( Adjusted EBITDA margin of 20.3 % ) , respectively . Highest diluted earnings per share and adjusted diluted earnings per share to date at $ 0.94 and $ 0.95 , respectively , for Q3 FY'21 . Repurchased 0.2 million shares or $ 7.6 million of stock during the quarter consistent with disciplined capital allocation approach . Declared a quarterly dividend of $ 0.10 per share on February 21 , 2021 payable on April 15 , 2021 to stockholders of record on March 10 , 2021 . • Revenue and earnings guidance being reinstated starting with Q4 FY'21 . Los Angeles , CA , February 22 , 2021 - Korn Ferry ( NYSE : KFY ) , a global organizational consulting firm , today announced third quarter fee revenue of $ 475.4 million . Third quarter diluted earnings per share was $ 0.94 and adjusted diluted earnings per share was $ 0.95 , both are all - time highs . Adjusted diluted earnings per share for the third quarter excludes an aggregate of $ 0.6 million , or $ 0.01 per share , of restructuring charges net of tax , due to the coronavirus pandemic ( " COVID - 19 " ) . " Our performance for the fiscal third quarter demonstrates the resilience of our business and continued extension of our brand , with strong sequential fee revenue growth of 9 % and our earnings and profitability reaching record highs , " said Gary D. Burnison , CEO , Korn Ferry . " I am incredibly proud of the tireless commitment that all our Korn Ferry colleagues have shown in helping our clients re - imagine their organizational structures , recruit and retain talent and develop their people in the face of extraordinary challenges . " " In a post - pandemic world , there will continue to be heightened demand for transformational consulting skills and expertise , " Burnison continued . “ The steps we have taken to evolve our business into a more efficient , profitable , growth - oriented organization have positioned Korn Ferry to provide our clients with unparalleled expertise , data , and innovation support . With people at the center of our strategy , we are achieving our growth objectives , delivering long - term value creation to shareholders and establishing Korn Ferry as the preeminent global organizational consultancy . "