Exhibit 99.1

For Immediate Release

Contacts:
Investor Relations: Gregg Kvochak, (310) 556-8550
For Media: Mike Distefano, (310) 843-4199

Korn/Ferry International Announces Fourth Quarter Fiscal
2009 Results of Operations

Highlights

	•		Excluding a $25.1 million restructuring charge recorded in the period, Q4’09 diluted loss per share was $0.11. Fourth quarter fiscal 2009 diluted loss per share was $0.45 compared to diluted earnings per share of $0.36 in Q4’08.
	•		Fourth quarter fiscal 2009 fee revenue was $107.0 million, a 44% decline on a constant currency basis (49% decline including the impact of exchange rates) from the same quarter last year.
	•		Cash and marketable securities were $326.3 million at April 30, 2009 compared to $289.9 million at January 31, 2009.

Los Angeles, CA, June 9, 2009 - Korn/Ferry International (NYSE:KFY), a premier global provider of talent management solutions, announced fourth quarter fiscal 2009 diluted loss per share of $0.45 compared to diluted earnings per share of $0.36 in Q4’08. Excluding a $25.1 million restructuring charge recorded in the period, diluted loss per share would have been $0.11.

“Although our industry, the global capital markets and most businesses have been under siege since the Fall of 2008, Korn/Ferry is successfully navigating this historic global recession. For Fiscal 2009, we ended the year with a fortified balance sheet that includes $326 million of cash and marketable securities and we maintained our position as the largest firm in the industry,” said Gary Burnison, Chief Executive Officer, Korn/Ferry International. “We have used this tumultuous time to make strides in enhancing our value proposition to clients and to further diversify Korn/Ferry as a true talent management provider.”

Financial Results
(dollars in millions, except per share amounts)

		Fourth Quarter								Year to date
		Q4’09				Q4’08				2009				2008
Fee revenue		$	107.0			$	208.2			$	638.2			$	790.6
Revenue		$	114.4			$	220.5			$	676.1			$	835.6
Operating (loss) income		$	(33.9	)		$	20.2			$	0.1			$	91.9
Operating margin			(31.7	%)			9.7	%			0.0	%			11.6	%
Net (loss) income		$	(19.5	)		$	15.7			$	(12.4	)		$	66.2
Basic (loss) earnings per share		$	(0.45	)		$	0.36			$	(0.28	)		$	1.50
Diluted (loss) earnings per share		$	(0.45	)		$	0.36			$	(0.28	)		$	1.46
		Fourth								Year to
		Quarter								date
		Q4’09								2009
Adjusted Results (a):
Operating (loss) income		$	(8.8	)						$	42.0
Operating margin			(8.3	%)							6.6	%
Net (loss) income		$	(4.7	)						$	12.8
Basic (loss) earnings per share		$	(0.11	)						$	0.29
Diluted (loss) earnings per share		$	(0.11	)						$	0.29

Fee revenue was $107.0 million in Q4’09 compared to $208.2 million in Q4’08, a decrease of 43.5% on a constant currency basis (and a decrease of 48.6% including the impact of exchange rates). The global economic and financial crisis persisted during the quarter, which lead to deteriorating labor markets throughout the world. Under these conditions the Company experienced a 36.5% decline in the number of executive search engagements opened compared to a year ago and the average fee billed per engagement decreased by 25.2% compared to the prior year.

Compensation and benefits were $80.5 million in Q4’09, a decrease of $67.6 million, or 45.6% compared to $148.1 million in Q4’08. The decrease is attributable mainly to a reduction in worldwide headcount and a reduction in profitability based compensation. Changes in exchange rates impacted compensation and benefits in Q4’09 favorably by $6.9 million from Q4’08.

General and administrative expenses were $29.6 million in Q4’09, a decrease of $3.8 million, or 11.4% from $33.4 million in Q4’08. The decrease is attributable to the Company’s cost control initiatives. Changes in exchange rates impacted general and administrative expenses in Q4’09 favorably by $3.5 million from Q4’08.

The Company previously announced it would incur expenses to further rationalize its costs structure due to the deteriorating labor markets. Therefore in the fourth quarter, the Company recorded a $25.1 million restructuring charge with $13.4 million of severance costs related to a reduction in work force, of which approximately $4.9 million was paid in cash during the quarter, and $11.7 million relating to the consolidation of premises.

Operating loss was $8.8 million in Q4’09, excluding the previously mentioned restructuring costs of $25.1 million. Including the restructuring charge, the Company recorded an operating loss of $33.9 million in Q4’09 compared to operating income of $20.2 million in Q4’08, a decrease of $54.1 million.

Balance Sheet and Liquidity

Cash and marketable securities were $326.3 million at April 30, 2009 compared to $289.9 million at January 31, 2009. The Company generated $36.4 million of cash and marketable securities in Q4’09.

Interest expense was $1.8 million in Q4’09 and $1.1 million in the same period last year. Interest expense in both years related primarily to borrowings under Korn/Ferry’s COLI policies.

Results by Segment

Selected Executive Recruitment Data
(dollars in millions)

		Fourth Quarter								Year to date
		Q4’09				Q4’08				2009				2008
Fee revenue		$	91.9			$	177.5			$	543.3			$	679.4
Revenue		$	98.3			$	185.7			$	572.3			$	708.8
Operating (loss) income		$	(16.1	)		$	27.3			$	47.4			$	122.0
Operating margin			(17.5	%)			15.4	%			8.7	%			18.0	%
Average number of consultants			479				516				509				515
Engagements (a)			1,139				1,794				5,945				7,276
(a)   Represents new engagements opened in the respective period.
		Fourth								Year to
		Quarter								date
		Q4’09								2009
Adjusted Results (b):
Operating income		$	3.3							$	77.9
Operating margin			3.6	%							14.3	%
(b)   Adjusted results are non-GAAP financial measures that exclude restructuring charges of $19.4 million and $30.5 million during the three and twelve months ended April 30, 2009, respectively (see attached reconciliation).

Fee revenue was $91.9 million in Q4’09, a decrease of $85.6 million, or 43.8% on a constant currency basis from $177.5 million in Q4’08 (and a decrease of 48.2% including the impact of exchange rates). Fee revenue decreased in all regions due to a 35.7% decrease in the overall number of engagements billed and an overall decrease of 19.3% in the average fee per engagement.

The Q4’09 operating income was $3.3 million, excluding restructuring costs of $19.4 million. Executive search recorded an operating loss of $16.1 million in Q4’09 including restructuring costs compared to operating income of $27.3 million in Q4’08 or a decrease of $43.4 million from the prior year.

The total number of consultants at April 30, 2009 was 460, a decrease of 54 from April 30, 2008.

Selected Futurestep Data
(dollars in millions)

		Fourth Quarter								Year to date
		Q4’09				Q4’08				2009				2008
Fee revenue		$	15.1			$	30.7			$	94.9			$	111.2
Revenue		$	16.1			$	34.7			$	103.8			$	126.9
Operating (loss) income		$	(7.8	)		$	2.9			$	(12.0	)		$	8.5
Operating margin			(51.7	%)			9.5	%			(12.7	%)			7.7	%
		Fourth								Year to
		Quarter								date
		Q4’09								2009
Adjusted Results (a):
Operating (loss) income		$	(2.1	)						$	(0.6	)
Operating margin			(14.2	%)							(0.6	%)

Fee revenue was $15.1 million in Q4’09, a decrease of $15.6 million, or 42.0% on a constant currency basis (and a decrease of 50.8% including the impact of exchange rates), from $30.7 million in Q4’08. Reductions in fee revenue were driven by a decrease in the average fee per engagement and to a lesser extent by a decrease in the number of engagements billed.

The Q4’09 operating loss would have been $2.1 million, excluding restructuring costs of $5.6 million. Operating loss was $7.8 million including restructuring costs in Q4’09 compared to operating income of $2.9 million in Q4’08.

Outlook

The global economic crisis has had a significant impact on many of our client’s people initiatives; as such, the demand for executive searches and leadership and talent consulting services declined precipitously throughout the world during the second half of Fiscal 2009. Although demand for the Company’s services has begun to stabilize, the macroeconomic climate and labor markets remain uncertain. Based on new business confirmed subsequent to the end of Q4’09 and anticipating a decline in new business in the summer due to seasonality, revenues would be approximately $90 million to $100 million in Q1’10. Given the uncertain economic environment and labor markets, predicting revenues is extremely imprecise, making a meaningful prediction about earnings impractical. Given these business conditions, the Company’s primary operating goal in the short run is to maintain neutral to positive cash flows as measured by earnings before interest, taxes, depreciation and amortization and non-cash long-term incentive compensation. Given the continued uncertain economic conditions, the Company is taking further, less significant actions to align the Company’s cost structure in an effort to retain positive cash flow.

Earnings Conference Call Webcast

The earnings conference call will be held today at 2:00 PM (EDT) and hosted by Gary Burnison, Chief Executive Officer, and he will be joined by Mike DiGregorio, Chief Financial Officer and Mark Neal and Gregg Kvochak, Vice Presidents of Finance. The conference call will be webcast and available online at www.kornferry.com, accessible through the Investor Relations section.

— Korn/Ferry International (NYSE:KFY), with a presence throughout the Americas, Asia Pacific, Europe, the Middle East and Africa, is a premier global provider of talent management solutions. Based in Los Angeles, the firm delivers an array of solutions that help clients to attract, develop, retain and sustain their talent. Visit www.kornferry.com for more information on the Korn/Ferry International family of companies, and www.kornferryinstitute.com for thought leadership, intellectual property and research.

Forward Looking Statements

Statements in this press release and our conference call that relate to future results and events (“forward-looking statements”) are based on Korn/Ferry’s current expectations. Readers are cautioned not to place undue reliance on such statements. Actual results in future periods may differ materially from those currently expected or desired because of a number of risks and uncertainties that are beyond the control of Korn/Ferry. The potential risks and uncertainties relate to competition, the dependence on attracting and retaining qualified and experienced consultants, the portability of client relationships, local political or economic developments in or affecting countries where we have operations, including fluctuations in exchange rates, risks related to the growth and results of Futurestep, global economic developments, restrictions imposed by off-limits agreements, reliance on information systems and employment liability risk. For a detailed description of risks and uncertainties that could cause differences, please refer to Korn/Ferry’s periodic filings with the Securities and Exchange Commission. Korn/Ferry disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Use of Non-GAAP Financial Measures

This press release contains financial information calculated other than in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”). These non-GAAP financial measures include adjusted operating income, operating margin, net (loss) income, basic (loss) earnings per share and diluted (loss) earnings per share, adjusted to exclude restructuring charges.

This non-GAAP disclosure has limitations as an analytical tool, should not be viewed as a substitute for financial information determined in accordance with GAAP, and should not be considered in isolation or as a substitute for analysis of the Company’s results as reported under GAAP, nor is it necessarily comparable to non-GAAP performance measures that may be presented by other companies.

Management believes the presentation of non-GAAP financial measures in this press release provides meaningful supplemental information regarding Korn/Ferry’s performance by excluding certain charges that may not be indicative of Korn/Ferry’s operating results. The use of these non-GAAP financial measures facilitate comparisons to Korn/Ferry’s historical performance. Korn/Ferry includes these non-GAAP financial measures because management believes it is useful to investors in allowing for greater transparency with respect to supplemental information used by management in its evaluation of Korn/Ferry’s ongoing operations and financial and operational decision-making.

[Tables attached]

KORN/FERRY INTERNATIONAL AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)

		Three Months Ended								Year Ended
		April 30,								April 30,
		2009				2008				2009				2008
		(unaudited)				(unaudited)
Fee revenue		$	106,980			$	208,204			$	638,223			$	790,570
Reimbursed out-of-pocket engagement expenses			7,446				12,246				37,905				45,072
Total revenue			114,426				220,450				676,128				835,642
Compensation and benefits			80,457				148,072				446,306				540,056
General and administrative expenses			29,566				33,374				126,882				134,542
Out-of-pocket engagement expenses			10,317				16,086				49,388				58,750
Depreciation and amortization			2,946				2,740				11,583				10,441
Restructuring charges			25,070				—				41,915				—
Total operating expenses			148,356				200,272				676,074				743,789
Operating (loss) income			(33,930	)			20,178				54				91,853
Interest and other income (loss), net			1,064				1,063				(15,801	)			7,137
(Loss) income before (benefit) provision for income taxes and equity in earnings of unconsolidated subsidiaries			(32,866	)			21,241				(15,747	)			98,990
(Benefit) provision for income taxes			(13,339	)			6,328				(1,012	)			36,081
Equity in earnings of unconsolidated subsidiaries, net			49				833				2,365				3,302
Net (loss) income		$	(19,478	)		$	15,746			$	(12,370	)		$	66,211
Basic (loss) earnings per common share		$	(0.45	)		$	0.36			$	(0.28	)		$	1.50
Basic weighted average common shares outstanding			43,475				43,230				43,522				44,012
Diluted (loss) earnings per common share		$	(0.45	)		$	0.36			$	(0.28	)		$	1.46
Diluted weighted average common shares outstanding			43,475				44,333				43,522				45,528

KORN/FERRY INTERNATIONAL AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
EXCLUDING NON-GAAP ADJUSTMENTS
(in thousands, except per share amounts)
(unaudited)

		Three Months Ended												Year Ended
		April 30,												April 30,
		2009 - As								2009 - As				2009 - As								2009 - As
		Reported				Adjustments				Adjusted				Reported				Adjustments				Adjusted
Fee revenue		$	106,980							$	106,980			$	638,223							$	638,223
Reimbursed out-of-pocket engagement expenses			7,446								7,446				37,905								37,905
Total revenue			114,426								114,426				676,128								676,128
Compensation and benefits			80,457								80,457				446,306								446,306
General and administrative expenses			29,566								29,566				126,882								126,882
Out-of-pocket engagement expenses			10,317								10,317				49,388								49,388
Depreciation and amortization			2,946								2,946				11,583								11,583
Restructuring charges (1)			25,070				(25,070	)			—				41,915				(41,915	)			—
Total operating expenses			148,356				(25,070	)			123,286				676,074				(41,915	)			634,159
Operating (loss) income			(33,930	)							(8,860	)			54								41,969
Interest and other income (loss), net			1,064								1,064				(15,801	)							(15,801	)
(Loss) income before (benefit) provision for income taxes and equity in earnings of unconsolidated subsidiaries			(32,866	)							(7,796	)			(15,747	)							26,168
(Benefit) provision for income taxes (2)			(13,339	)			10,377				(2,962	)			(1,012	)			16,778				15,766
Equity in earnings of unconsolidated subsidiaries, net			49								49				2,365								2,365
Net (loss) income		$	(19,478	)						$	(4,785	)		$	(12,370	)						$	12,767
Basic (loss) earnings per common share		$	(0.45	)						$	(0.11	)		$	(0.28	)						$	0.29
Basic weighted average common shares outstanding			43,475								43,475				43,522								43,522
Diluted (loss) earnings per common share		$	(0.45	)						$	(0.11	)		$	(0.28	)						$	0.29
Diluted weighted average common shares outstanding			43,475								43,475				43,522								44,272

KORN/FERRY INTERNATIONAL AND SUBSIDIARIES
FINANCIAL SUMMARY BY SEGMENT
(in thousands)
(unaudited)

		Three Months Ended																Year Ended
		April 30,																April 30,
		2009								2008								2009								2008
Fee Revenue:
Executive recruitment:
North America		$	56,865							$	97,903							$	309,514							$	374,891
EMEA			20,685								49,970								143,184								183,042
Asia Pacific			10,151								23,276								66,332								95,915
South America			4,260								6,372								24,323								25,556
Total executive recruitment			91,961								177,521								543,353								679,404
Futurestep			15,019								30,683								94,870								111,166
Total fee revenue			106,980								208,204								638,223								790,570
Reimbursed out-of-pocket engagement expenses			7,446								12,246								37,905								45,072
Total revenue		$	114,426							$	220,450							$	676,128							$	835,642
						Margin								Margin								Margin								Margin
Operating (Loss) Income:
Executive recruitment:
North America		$	(8,085	)			(14.2	%)		$	13,282				13.6	%		$	37,516				12.1	%		$	70,628				18.8	%
EMEA			(6,044	)			(29.2	%)			8,949				17.9	%			2,061				1.4	%			29,820				16.3	%
Asia Pacific			(1,714	)			(16.9	%)			4,704				20.2	%			5,396				8.1	%			19,299				20.1	%
South America			(226	)			(5.3	%)			394				6.2	%			2,441				10.0	%			2,230				8.7	%
Total executive recruitment			(16,069	)			(17.5	%)			27,329				15.4	%			47,414				8.7	%			121,977				18.0	%
Futurestep			(7,770	)			(51.7	%)			2,903				9.5	%			(12,003	)			(12.7	%)			8,545				7.7	%
Corporate			(10,091	)							(10,054	)							(35,357	)							(38,669	)
Total operating (loss) income		$	(33,930	)			(31.7	%)		$	20,178				9.7	%		$	54				0.0	%		$	91,853				11.6	%
Restructuring Charges:
Executive recruitment:
North America		$	9,447				16.6	%		$	—				0.0	%		$	12,004				3.9	%		$	—				0.0	%
EMEA			7,756				37.5	%			—				0.0	%			14,362				10.1	%			—				0.0	%
Asia Pacific			1,293				12.8	%			—				0.0	%			2,240				3.4	%			—				0.0	%
South America			909				21.3	%			—				0.0	%			1,864				7.7	%			—				0.0	%
Total executive recruitment			19,405				21.1	%			—				0.0	%			30,470				5.6	%			—				0.0	%
Futurestep			5,641				37.5	%			—				0.0	%			11,421				12.1	%			—				0.0	%
Corporate			24								—								24								—
Total restructuring charges		$	25,070				23.4	%		$	—				0.0	%		$	41,915				6.6	%		$	—				0.0	%
						Margin								Margin								Margin								Margin
Adjusted Operating (Loss) Income:
(Excluding Restructuring Charges)
Executive recruitment:
North America		$	1,362				2.4	%		$	13,282				13.6	%		$	49,520				16.0	%		$	70,628				18.8	%
EMEA			1,712				8.3	%			8,949				17.9	%			16,423				11.5	%			29,820				16.3	%
Asia Pacific			(421	)			(4.1	%)			4,704				20.2	%			7,636				11.5	%			19,299				20.1	%
South America			683				16.0	%			394				6.2	%			4,305				17.7	%			2,230				8.7	%
Total executive recruitment			3,336				3.6	%			27,329				15.4	%			77,884				14.3	%			121,977				18.0	%
Futurestep			(2,129	)			(14.2	%)			2,903				9.5	%			(582	)			(0.6	%)			8,545				7.7	%
Corporate			(10,067	)							(10,054	)							(35,333	)							(38,669	)
Total adjusted operating (loss) income		$	(8,860	)			(8.3	%)		$	20,178				9.7	%		$	41,969				6.6	%		$	91,853				11.6	%

KORN/FERRY INTERNATIONAL AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)

		As of April 30,
		2009				2008
ASSETS
Cash and cash equivalents		$	251,007			$	305,296
Marketable securities			4,263				5,940
Receivables due from clients, net of allowance for doubtful accounts of $11,197 and $11,504, respectively			67,308				119,952
Income taxes and other receivables			9,001				7,071
Deferred income taxes			14,583				10,401
Prepaid expenses and other assets			21,442				20,057
Total current assets			367,604				468,717
Marketable securities, non-current			70,992				78,026
Property and equipment, net			27,970				32,462
Cash surrender value of company owned life insurance policies, net of loans			63,108				81,377
Deferred income taxes			45,141				47,128
Goodwill			133,331				142,699
Intangible assets, net			16,928				15,519
Other assets			11,812				14,286
Total assets		$	736,886			$	880,214
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable		$	10,282			$	15,309
Income taxes payable			663				20,948
Compensation and benefits payable			116,386				199,081
Other accrued liabilities			44,301				37,120
Total current liabilities			171,632				272,458
Deferred compensation and other retirement plans			99,238				105,719
Other liabilities			9,195				5,903
Total liabilities			280,065				384,080
Shareholders’ equity
Common stock: $0.01 par value, 150,000 shares authorized, 56,185 and 54,786 shares issued and 44,729 and 44,593 shares outstanding, respectively			368,430				358,568
Retained earnings			82,644				95,014
Accumulated other comprehensive income			6,285				43,097
Shareholders’ equity			457,359				496,679
Less: notes receivable from shareholders			(538	)			(545	)
Total shareholders’ equity			456,821				496,134
Total liabilities and shareholders’ equity		$	736,886			$	880,214