Korn Ferry rises on upbeat Q4 results

Korn Ferry

22/06/2022 16:42

** Shares of executive search firm Korn Ferry  KFY.N  up as
much as 4.13% at $56.14
    ** Co's Q4 revenue rose 29.9% to $721.14 mln, beating
Refinitiv IBES estimates of $681.79 mln, boosted by increase in
fee sales in all lines 
    ** Also posts bigger-than expected Q4 earning  urn:newsml:reuters.com:*:nBw2qjNg6a
    ** Says year-over-year improvement in operating margin was
due to the increase in fee revenue, improved productivity
resulting from work being conducted virtually, and cost savings
    ** Co forecast Q1 FY’23 fee revenue to be in the range of
$680 million and $710 million; analysts on average estimated co
to post revenue of $657.3 mln 
    ** Co says it has increased its regular quarterly cash
dividend by 25% to $0.15 per share starting Q1
    ** Stock down ~26% YTD, as of last close

 (Reporting by Rithika Krishna in Bengaluru)
 ((Rithika.Krishna@thomsonreuters.com; Twitter: https://twitter.com/rithika_krishna;))