Q1 2025 Korn Ferry Earnings Call Transcript
Key Points
- Korn Ferry (KFY) achieved a 16.5% adjusted EBITDA margin, marking the fifth consecutive quarter of margin expansion.
- Consulting and interim bill rates grew year over year by 8% and 9%, respectively.
- Employee productivity, measured by fee revenue per headcount, is now 36% higher than pre-pandemic levels.
- Korn Ferry (KFY) returned $43 million to shareholders through dividends and share repurchases in the first quarter.
- Digital subscription and license fee revenue increased by 7% year over year, accounting for approximately 39% of digital fee revenue for the quarter.
- Consolidated fee revenue for the first quarter was down 2% year over year at constant currency.
- Professional interim services faced challenging market demand, with fee revenue down approximately 17% year over year.
- Permanent placement professional search revenue contracted 10% year over year.
- RPO fee revenue was down 7% year over year at constant currency.
- The economic environment remains uncertain, with new business growth trends described as choppy.
Okay. Thank you, Leah, and hello, everybody. Thanks for joining us. Tiffany, Greg, and Bob are going to get into the quarterly results. But as we were looking at the results, and this is now my, I think, 89th quarterly earnings call, I was reflecting on how far we've come, particularly over the last several quarters, and what I first described exactly a year ago as a multi-quarter economic reset in many countries around the world.
And as I reflect on that, I'm more convinced than ever about how capable we have become and the opportunity ahead of us. From sport to the industry, we're operating in the market at its highest level in over five decades in business.
I can remember the first acquisition we did in our consulting and digital offerings. We doubled the revenue of the business to about $30 million. Today, those solutions are almost $1.1 billion and continue to generate positive momentum. We didn't have an interim offering before the pandemic. Today, that solution is generating almost $300 million in revenue
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
