Fourth-quarter revenue rose 50% on a constant currency basis, according to Korn/Ferry. The fourth quarter recorded a 45% increase in the number of executive search engagements billed as well as a 13% increase in the weighted average fee billed per search. In addition, the quarter included revenue from the acquisition of Whitehead Mann, which closed June 11, 2009.

Korn/Ferry's fourth-quarter North American revenue rose 49.5% to $85.0 million. Futurestep fourth-quarter revenue rose 20.3% to $18.1 million.

Fourth-quarter net income was $8.9 million compared with a net loss of $17.2 million in the year-ago quarter. The most-recent fourth quarter included restructuring charges of $80,000, while the same period a year ago recorded a restructuring charge of $25.1 million.

For the full 2010 fiscal year, Korn/Ferry posted revenue of $572.4 million, down 10.3% from $638.2 million in the previous year.

Full-year net income was $5.3 million, compared with a net loss of $10.1 million in the previous year.

Korn/Ferry forecast first-quarter fee revenue to be up 32.7% to 49.8% over the year-ago quarter.

Korn/Ferry International Inc. (NYSE: KFY)
For the fiscal fourth quarter ended April 30, 2010, compared with the same period in the previous year.
Fee revenue: $168.7 million, +57.7%
Net income: $8.9 million vs. a net loss of $17.2 million

For the full year ended April 30, 2010, compared with the previous year.
Fee revenue: $572.4 million, -10.3%
Net income: $5.3 million vs. a net loss of $10.1 million