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EMEA — Korn/Ferry sees improved results in Q4 of financial year

16 June 2010
Korn/Ferry International Inc. (KFY:NYQ), the US-based global provider of talent management solutions, has announced financial results for the three months and the financial year ended 30 April 2010.

Total annual revenues were down from $676.1 in 2009 to $599.6 million in 2010. Total Q4 revenues were up from $114.4 million in 2009 to $176.9 million in 2010.

EMEA annual revenues were down from $143.2 in 2009 to $137.5 million in 2010. EMEA Q4 revenues were up from $20.7 million in 2009 to $36.3 million in 2010.

Total operating income after restructuring charges was down from $3.7 million in 2009 to a loss of -$2.7 million in 2010. Total Q4 operating income after restructuring charges was up from a loss of -$30.2 million in 2009 to $13.6 million in 2010.

EMEA operating income after restructuring charges was down from $2.1 million in 2009 to a loss of -$15.5 million in 2010. EMEA Q4 operating income after restructuring charges was up from a loss of -$6 million in 2009 to $3.8 million in 2010.

Gary Burnison, Chief Executive Officer of Korn/Ferry International, said "over the past year we remained focused on preserving our brand, positioning our company for long-term growth and remaining close to clients. 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."

 

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