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View All NewsKorn/Ferry profit rises 26%
Second-quarter revenue rose 25.5% to $206.8 million from $164.8 million.
The company said fee revenue rose in all segments amid an increase in search engagements opened and a 21% rise in average fee billed per search. The quarter also got an $8.3 million boost from favorable foreign exchange rates.
Korn/Ferry's North American revenue rose 18.6% in the second quarter to $94.9 million from $80.0 million in the prior year's quarter. Revenue for its Futurestep subsidiary rose 30% to $26.8 million.
The company forecast revenue of $190 million to $200 million in its next quarter.
Korn/Ferry International Inc. (NYSE: KFY)
For the second quarter ended Oct. 31, 2007, compared with the same quarter in the prior year.
Revenue: $206.8 million, +25.5%
Net income: $17.1 million, +26.1%