Korn Ferry (NYSE:KFY) Second Quarter 2023 Results
Key Financial Results
- Revenue: US$735.7m (up 15% from 2Q 2022).
- Net income: US$73.5m (flat on 2Q 2022).
- Profit margin: 10.0% (down from 12% in 2Q 2022). The decrease in margin was driven by higher expenses.
- EPS: US$1.42.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Korn Ferry Revenues Beat Expectations
Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Professional Services industry in the US.
The company's shares are down 10% from a week ago.
You still need to take note of risks, for example - Korn Ferry has 1 warning sign we think you should be aware of.
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