Daily News
View All NewsWorld – Korn Ferry revenue up 10% in fiscal Q3, but EMEA executive search revenue down
07 March 2019
Revenue rose 10% in constant currency at Korn Ferry in its fiscal third quarter ended 31 January 2019. However, EMEA executive search revenue fell 1.8% at the Los Angeles-headquartered provider of executive search; leadership and talent consulting; and recruitment process outsourcing.
| (US$ thousands) | Q3 2019 | Q3 2018 | % change | % change (constant currency) | Q3 2019 (€ thousands) |
| Fee revenue | $474,504 | $447,581 | 6.0% | 10% | € 414,693 |
| Net income | $45,444 | $27,427 | 65.7% | € 39,716 |
Korn Ferry cited strong growth across solutions.
Fee revenue by segment
| (US$ thousands) | Q3 2019 | Q3 2018 | % change | % change (constant currency) | Q3 2019 (€ thousands) |
| Total executive search | $193,396 | $180,416 | 7.2% | 10% | € 169,018 |
| Advisory | $201,502 | $198,056 | 1.7% | 6% | € 176,103 |
| RPO and professional search | $79,606 | $69,109 | 15.2% | 19% | € 69,572 |
Executive search revenue fell 1.8% in the company’s Europe, the Middle East and Africa segment. However, it rose 11.2% in North America and 17.6% in Latin America. Asia Pacific executive search revenue rose 4.9%
Executive search fee revenue by geography
| (US$ thousands) | Q3 2019 | Q3 2018 | % change | Q3 2019 (€ thousands) |
| North America | $114,215 | $102,716 | 11.2% | € 99,818 |
| Europe, the Middle East and Africa | $45,940 | $46,782 | -1.8% | € 40,149 |
| Asia Pacific | $25,687 | $24,493 | 4.9% | € 22,449 |
| Latin America | $7,554 | $6,425 | 17.6% | € 6,602 |
Guidance
Korn Ferry forecast fee revenue of between US$485 million and US$505 million in its fiscal fourth quarter, a year-over-year increase of between 2.0% and 6.2%.