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Korn/Ferrys Positive Results

Korn/Ferrys Positive Results
Korn/Ferry International a premier global provider of talent management solutions, announced Q4 FY10 diluted earnings per share of $0.19 compared to diluted loss per share of $0.40 in Q4 FY09. Excluding net restructuring charges of $0.1 million and $25.1 million, respectively, diluted earnings per share was $0.19 in Q4 FY10, compared to diluted loss per share of $0.06 in Q4 FY09.
Over the past year we remained focused on preserving our brand, positioning our company for long-term growth and remaining close to clients, said Gary Burnison, Chief Executive Officer of Korn/Ferry International. With growth of 58% year over year and 15% sequentially we are leading our industry. We believe the combination of our multi-services, geographic reach and pristine brand have positioned us to become the leading diversified talent solutions company in the world. It is clear that our differentiation strategy is working and I am enormously proud of the collective effort and accomplishments of our worldwide colleagues during fiscal 2010.
Financial Results (dollars in millions, except per share amounts)
Fourth Quarter Year to Date
FY10 FY09 FY10 FY09
Fee revenue . . . . . . . . . . . $ 168.7 $107.0 $ 572.4 $ 638.2
Total revenue. . . . . . . . . . .$ 176.9 $114.4 $ 599.6 $ 676.1
Operating income (loss) . . .$ 13.6 $ (30.3) $ (2.7 ) $ 3.7
Net income (loss) . . . . . . .. $8.9 $ (17.2) $ 5.3 $ (10.1 )

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