The following is a summary of the Korn Ferry (KFY) Q1 2025 Earnings Call Transcript:

Financial Performance:

• Korn Ferry reported fee revenue of $675 million for Q1 2025, which was down 2% year-over-year at constant currency.

• Adjusted EBITDA grew to $111 million, with a margin of 16.5%, reflecting continuous expansion for the fifth consecutive quarter.

• Adjusted diluted earnings per share was $1.18, showing year-over-year growth.

• Capital allocation included investing $11 million in capital expenditures and returning $43 million to shareholders through dividends and repurchases.

Business Progress:

• The company has seen growth within its digital and consulting sectors, with respective year-over-year growth rates of 2% and 1% at constant currency.

• Executive search revenue grew by 3% at constant currency, driven primarily by the North American market.

• Korn Ferry is actively investing in its workforce, having hired 50 new fee earners across various business lines.

Opportunities:

• Korn Ferry is tapping into an estimated $300 billion market opportunity with strategic pillars focused on market approach, innovation/IP, brand leveraging, M&A, and talent investment.

• The company expects to deepen client impact through multi-service utilization and anticipates continued demand, particularly for executive search and consulting services.

Risks:

• Near-term revenue fluctuations due to economic uncertainties and geopolitical conditions.

• Ongoing adjustments to workforce dynamics in response to market demands and strategic focus shifts.

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