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Korn/Ferry International Announces Fiscal 2012 and Fourth Quarter Results of Operations

Korn/Ferry International Announces Fiscal 2012 and Fourth

Quarter Results of Operations


??FY’12 fee revenue increased $46.2 million, or 6%, to $790.5 million from $744.3

million in FY’11.

??FY’12 diluted earnings per share was $1.15 and excluding separation and

restructuring charges, net, adjusted diluted earnings per share was $1.19 in FY’12.

??Cash and marketable securities increased $48.6 million, or 13%, to $417.7 million as

of April 30, 2012, in comparison to $369.1 million as of April 30, 2011.

??Fee revenue from industrial, consumer goods, and life sciences/healthcare sectors,

increased in FY’12 compared to FY’11, offset by declines in the financial services and

technology sectors.

??Fee revenue in Futurestep and LTC services grew 26% and 16%, respectively, from

FY’11 to FY’12, further substantiating the success of our diversified model.

Los Angeles, CA, June, 2012 - Korn/Ferry International (NYSE: KFY), a premier global provider of talent management solutions, announced near record FY’12 fee revenue of $790.5 million compared to fee revenue of $744.3 million in FY’11.

“I am pleased with our results for the fiscal year and our overall progress in making the Korn/Ferry

brand synonymous with talent management," said Gary Burnison, CEO of Korn/Ferry International.

For the fiscal year, we increased our global revenue 6% to $790 million, with an adjusted operating

margin of almost 11 percent. "We have continued to elevate our business. For Executive Search, we

have now increased our average fee nearly 50% over the past five years. Our newer offerings,

Futurestep and Leadership and Talent Consulting, experienced double digit growth for the fiscal year,

further validating our differentiated strategy. Looking forward, most businesses are fighting seemingly

increasing headwinds. Nevertheless, driven by our diversified strategy, we will continue to build a

brand for Korn/Ferry that is strongly tied to the attraction, engagement, development and retention of an organization's talent.”


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