Korn Ferry reports Q2 adjusted EPS 97c, consensus 95c

Reports Q2 revenue $704.0M, consensus $687.22M. “During the fiscal Q2 we generated $704M in fee revenue, down 3% year-over-year. Despite a persistent, uneven economic environment, earnings and profitability held steady sequentially as we delivered $99M of Adjusted EBITDA, at a 14% margin,” said CEO Gary Burnison. “I’m very proud of our organization and how we continue to develop increasingly relevant solutions in a rapidly changing world. In particular, our Consulting and Digital businesses now generate almost 40% of our top line, with Digital achieving all-time record revenue at constant currency during the quarter. Throughout history, change is a catalyst for opportunity. It’s times like these when great companies make their best moves – and Korn Ferry is a great company.”