Korn Ferry Posts 70 Percent Fiscal Q1 Revenue Gain

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Korn Ferry (NYSE:KFY) has posted 2021 fiscal reported first quarter revenue of $585.4 million, an increase of 70 percent. This compares to year-ago revenues of $344.1 million. Fee revenue increased in all regions with the largest increase in North America where demand for the company’s products and services exceeded pre-pandemic levels in conjunction with the worldwide economic recovery.

The higher fee revenue was driven by an increase in recruitment process outsourcing (RPO) fee revenue of $43.1 million or 97 percent (87 percent at constant currency) and an increase in professional search fee revenue of $27.6 million or 114 percent (105 percent at constant currency)

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