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 Second Quarter Fiscal 2010 Results of Operations

Highlights

	•		Second quarter fiscal 2010 fee revenue was $140.1 million, an increase of 20% from Q1 FY’10 and a 26% decline from Q2 FY’09.
	•		Excluding a $2.8 million net restructuring charge recorded in the period, Q2 FY’10 diluted earnings per share was $0.09. Second quarter fiscal 2010 diluted earnings per share was $0.06 compared to diluted earnings per share of $0.30 in Q2 FY’09.
	•		Cash and marketable securities were $261.2 million at October 31, 2009.

Los Angeles, CA, December 8, 2009 — Korn/Ferry International (NYSE: KFY), a premier global provider of talent management solutions, announced second quarter fiscal 2010 diluted earnings per share of $0.09 (excluding a $2.8 million restructuring charge, net of recoveries) compared to diluted earnings per share of $0.30 in Q2 FY’09. Diluted earnings per share was $0.06 including the restructuring charge in Q2 FY’10.

“We are pleased with the sequential increase in fee revenue of 20%, which is double the industry growth rate, during the quarter,” said Gary Burnison, Chief Executive Officer. “Although companies continue to maintain lean workforces and the ramp-up for organizational expansion appears long and gradual, the strength of our brand, our systematic approach to client development and service and the caliber of consultants continues to enable us to take market share. Furthermore, we have derived significant benefit from our differentiated model as well as cost reduction initiatives, resulting in an extremely well fortified balance sheet including $261 million in cash and marketable securities.”

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

		Second Quarter								Year to Date
		FY’10				FY’09				FY’10				FY’09
Fee revenue		$	140.1			$	189.3			$	256.9			$	395.0
Total revenue		$	146.5			$	199.7			$	269.8			$	417.2
Operating income (loss)		$	2.3			$	21.5			$	(22.7	)		$	45.2
Operating margin			1.6	%			11.4	%			(8.8	)%			11.5	%
Net income (loss)		$	2.8			$	13.6			$	(11.5	)		$	29.5
Basic earnings (loss) per share		$	0.06			$	0.31			$	(0.26	)		$	0.68
Diluted earnings (loss) per share		$	0.06			$	0.30			$	(0.26	)		$	0.66

		Second								Year to
		Quarter								Date
Adjusted Results (a):		FY’10								FY’10
Operating income (loss)		$	5.0							$	(1.8	)
Operating margin			3.6	%							(0.7	)%
Net income		$	4.3							$	2.0
Basic earnings per share		$	0.10							$	0.05
Diluted earnings per share		$	0.09							$	0.04

Fee revenue was $140.1 million in Q2 FY’10 compared to $189.3 million in Q2 FY’09, a decrease of 24.6% on a constant currency basis (a decrease of 26.0% including the impact of exchange rates), which reflects the continuing impact of the global economic crisis. During the same period, the number of engagements opened declined 13.9% and the average fee billed per engagement decreased by 1.2% (an increase of 0.9% excluding the impact of exchange rates). Although Q2 FY’10 fee revenue declined in comparison to Q2 FY’09, the global economy continued to show modest signs of improvement during the current quarter and the Company experienced a 20.0% increase in fee revenue compared to Q1 FY’10, primarily due to a 16.1% increase in the number of engagements opened compared to Q1 FY’10.

Compensation and benefits were $102.1 million in Q2 FY’10, a decrease of $27.6 million, or 21.3%, compared to $129.7 million in Q2 FY’09. This decrease is attributable mainly to a reduction in worldwide headcount and a reduction in the variable component of compensation, which is largely due to lower fee revenue and operating results. Changes in exchange rates impacted compensation and benefits in Q2 FY’10 favorably by $1.9 million from Q2 FY’09.

General and administrative expenses were $27.2 million in Q2 FY’10, a decrease of $5.1 million, or 15.8% from $32.3 million in Q2 FY’09. This decrease is attributable to the Company’s cost control initiatives. Changes in exchange rates impacted general and administrative expenses in Q2 FY’10 favorably by $0.4 million from Q2 FY’09.

During the quarter, the Company reorganized its go-to-market and operating structure in Europe, Middle East and Africa (“EMEA”) region, and as a result incurred restructuring charges in Q2 FY’10 of $7.6 million to reduce the combined work force. This restructuring expense was partially offset by $4.8 million of recoveries from previous restructuring charges resulting in net restructuring costs of $2.8 million in Q2 FY’10.

Excluding the previously mentioned restructuring costs of $2.8 million (net of recoveries), operating income was $5.0 million in Q2 FY’10. Including the restructuring charge, the Company recorded operating income of $2.3 million in Q2 FY’10 compared to operating income of $21.5 million in Q2 FY’09, a decrease of $19.2 million.

Balance Sheet and Liquidity

Cash and marketable securities were $261.2 million at October 31, 2009 compared to $265.9 million at July 31, 2009 and $330.3 million at April 30, 2009. Cash and marketable securities, include $66.4 million, $65.3 million and $60.8 million, held in trust for deferred compensation plans, at October 31, 2009, July 31, 2009 and April 30, 2009, respectively. Cash and marketable securities decreased by $69.1 million in Q2 FY’10 from Q4 FY’09, mainly due to the payment of annual bonuses in Q1 FY’10.

Results by Segment

Selected Executive Recruitment Data
(dollars in millions)

		Second Quarter								Year to Date
		FY’10				FY’09				FY’10				FY’09
Fee revenue		$	123.3			$	160.2			$	224.6			$	334.8
Total revenue		$	128.3			$	167.8			$	234.9			$	350.7
Operating income (loss)		$	9.7			$	26.6			$	(3.4	)		$	58.3
Operating margin			7.8	%			16.6	%			(1.5	)%			17.4	%
Ending number of consultants			497				535				497				535
Average number of consultants			499				536				486				529
New engagements (a)			1,578				1,669				2,896				3,589

		Second								Year to
		Quarter								Date
Adjusted Results (b):		FY’10								FY’10
Operating income		$	14.9							$	20.0
Operating margin			12.1	%							8.9	%

Fee revenue was $123.3 million in Q2 FY’10, a decrease of $36.9 million, or 21.5% on a constant currency basis from $160.2 million in Q2 FY’09 (a decrease of 23.0% including the impact of exchange rates). Fee revenue decreased in all regions due to a 20.7% decrease in the overall number of engagements billed and a decrease of 2.8% in the average fee per engagement billed (a decrease of 0.9% excluding the impact of exchange rates).

Operating income in Q2 FY’10 was $14.9 million, excluding restructuring costs of $5.3 million. Executive recruitment recorded operating income of $9.7 million in Q2 FY’10 including restructuring costs compared to operating income of $26.6 in Q2 FY’09, or a decrease of $16.9 million from the prior year.

The total number of consultants at October 31, 2009 was 497, a decrease of 38 from October 31, 2008.

Selected Futurestep Data
(dollars in millions)

		Second Quarter								Year to Date
		FY’10				FY’09				FY’10				FY’09
Fee revenue		$	16.8			$	29.1			$	32.3			$	60.3
Total revenue		$	18.2			$	31.9			$	34.9			$	66.5
Operating income		$	2.6			$	1.2			$	1.8			$	4.1
Operating margin			15.5	%			4.2	%			5.6	%			6.8	%

		Second								Year to
		Quarter								Date
Adjusted Results (a):		FY’10								FY’10
Operating income (loss)		$	0.1							$	(0.7	)
Operating margin			0.8	%							(2.1	)%

Fee revenue was $16.8 million in Q2 FY’10, a decrease of $12.3 million, or 41.5% on a constant currency basis (a decrease of 42.3% including the impact of exchange rates), from $29.1 million in Q2 FY’09. Reductions in fee revenue were driven by a 34.3% decrease in the number of engagements billed and to a lesser extent by an 11.5% decrease in the average fee per engagement billed.

The Q2 FY’10 operating income includes recovery of restructuring costs of $2.5 million, which primarily relates to lower facility lease costs than originally recorded; without which operating income would have been $0.1 million. Operating income was $2.6 million in Q2 FY’10 compared to operating income of $1.2 million in Q2 FY’09.

Outlook

Given the uncertain economic environment and labor markets, making a meaningful prediction about fee revenue and earnings remains challenging; however, assuming constant foreign exchange rates we expect Q3 FY’10 fee revenues will be $130 million to $145 million and diluted earnings per share to be in the range of $0.05 to $0.15.

Earnings Conference Call Webcast

The earnings conference call will be held today at 2:00 PM (EST) and hosted by Gary Burnison, Chief Executive Officer, Mike DiGregorio, Chief Financial Officer and Gregg Kvochak, Vice President 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, the successful integration of acquired businesses 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 (loss), operating margin, net income (loss), basic earnings (loss) per share and diluted earnings (loss) per share, adjusted to exclude restructuring charges, net of recoveries.

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 ongoing 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								Six Months Ended
		October 31,								October 31,
		2009				2008				2009				2008
		(unaudited)
Fee revenue		$	140,145			$	189,300			$	256,948			$	395,033
Reimbursed out-of-pocket engagement expenses			6,411				10,437				12,896				22,176
Total revenue			146,556				199,737				269,844				417,209
Compensation and benefits			102,076				129,748				192,461				271,871
General and administrative expenses			27,164				32,323				55,218				66,353
Out-of-pocket engagement expenses			9,464				13,297				18,253				28,030
Depreciation and amortization			2,860				2,881				5,689				5,713
Restructuring charges			2,774				—				20,957				—
Total operating expenses			144,338				178,249				292,578				371,967
Operating income (loss)			2,218				21,488				(22,734	)			45,242
Interest and other income (loss), net			1,180				(1,184	)			4,471				(804	)
Income (loss) before provision (benefit) for income taxes and equity in earnings of unconsolidated subsidiaries			3,398				20,304				(18,263	)			44,438
Provision (benefit) for income taxes			879				7,583				(6,486	)			16,876
Equity in earnings of unconsolidated subsidiaries, net			226				839				249				1,902
Net income (loss)		$	2,745			$	13,560			$	(11,528	)		$	29,464
Earnings (loss) per common share:
Basic		$	0.06			$	0.31			$	(0.26	)		$	0.68
Diluted		$	0.06			$	0.30			$	(0.26	)		$	0.66
Weighted-average common shares outstanding:
Basic			44,470				43,776				44,123				43,604
Diluted			45,291				44,676				44,123				44,590

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

		Three Months Ended												Six Months Ended
		October 31, 2009												October 31, 2009
		As Reported				Adjustments				As Adjusted				As Reported				Adjustments				As Adjusted
Fee revenue		$	140,145							$	140,145			$	256,948							$	256,948
Reimbursed out-of-pocket engagement expenses			6,411								6,411				12,896								12,896
Total revenue			146,556								146,556				269,844								269,844
Compensation and benefits			102,076								102,076				192,461								192,461
General and administrative expenses			27,164								27,164				55,218								55,218
Out-of-pocket engagement expenses			9,464								9,464				18,253								18,253
Depreciation and amortization			2,860								2,860				5,689								5,689
Restructuring charges			2,774				(2,774	)			—				20,957				(20,957	)			—
Total operating expenses			144,338				(2,774	)			141,564				292,578				(20,957	)			271,621
Operating income (loss)			2,218				2,774				4,992				(22,734	)			20,957				(1,777	)
Interest and other income, net			1,180								1,180				4,471								4,471
Income (loss) before provision (benefit) for income taxes and equity in earnings of unconsolidated subsidiaries			3,398				2,774				6,172				(18,263	)			20,957				2,694
Provision (benefit) for income taxes (1)			879				1,260				2,139				(6,486	)			7,442				956
Equity in earnings of unconsolidated subsidiaries, net			226								226				249								249
Net income (loss)		$	2,745			$	1,514			$	4,259			$	(11,528	)		$	13,515			$	1,987
Earnings (loss) per common share:
Basic		$	0.06							$	0.10			$	(0.26	)						$	0.05
Diluted		$	0.06							$	0.09			$	(0.26	)						$	0.04
Weighted-average common shares outstanding:
Basic			44,470								44,470				44,123								44,123
Diluted			45,291								45,291				44,123								44,824

Explanation of Non-GAAP Adjustments

For the three and six months ended October 31, 2009:

(1)

Tax effect related to net operating expense adjustments

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

		Three Months Ended																Six Months Ended
		October 31,																October 31,
		2009								2008								2009								2008
Fee Revenue:
Executive recruitment:
North America		$	68,230							$	91,697							$	123,522							$	185,671
EMEA			35,376								40,486								64,597								92,076
Asia Pacific			13,563								21,187								25,934								42,590
South America			6,122								6,828								10,567								14,413
Total executive recruitment			123,291								160,198								224,620								334,750
Futurestep			16,854								29,102								32,328								60,283
Total fee revenue			140,145								189,300								256,948								395,033
Reimbursed out-of-pocket engagement expenses			6,411								10,437								12,896								22,176
Total revenue		$	146,556							$	199,737							$	269,844							$	417,209
Adjusted Operating Income (Loss):
(Excluding Restructuring Charges)						Margin								Margin								Margin								Margin
Executive recruitment:
North America		$	11,250				16.5	%		$	16,197				17.7	%		$	15,457				12.5	%		$	34,834				18.8	%
EMEA			2,411				6.8	%			5,910				14.6	%			2,974				4.6	%			14,396				15.6	%
Asia Pacific			61				0.4	%			3,267				15.4	%			1,036				4.0	%			6,743				15.8	%
South America			1,202				19.6	%			1,214				17.8	%			516				4.9	%			2,294				15.9	%
Total executive recruitment			14,924				12.1	%			26,588				16.6	%			19,983				8.9	%			58,267				17.4	%
Futurestep			141				0.8	%			1,221				4.2	%			(674	)			(2.1	%)			4,076				6.8	%
Corporate (1)			(10,073	)							(6,321	)							(21,086	)							(17,101	)
Total adjusted operating income (loss)		$	4,992				3.6	%		$	21,488				11.4	%		$	(1,777	)			(0.7	%)		$	45,242				11.5	%
Restructuring Charges:
Executive recruitment:
North America		$	(1,279	)			(1.9	%)		$	—				0.0	%		$	(1,279	)			(1.0	%)		$	—				0.0	%
EMEA			6,615				18.7	%			—				0.0	%			24,798				38.4	%			—				0.0	%
Asia Pacific			87				0.6	%			—				0.0	%			87				0.3	%			—				0.0	%
South America			(173	)			(2.9	%)			—				0.0	%			(173	)			(1.6	%)			—				0.0	%
Total executive recruitment			5,250				4.3	%			—				0.0	%			23,433				10.4	%			—				0.0	%
Futurestep			(2,476	)			(14.7	%)			—				0.0	%			(2,476	)			(7.7	%)			—				0.0	%
Corporate			—								—								—								—
Total restructuring charges		$	2,774				2.0	%		$	—				0.0	%		$	20,957				8.1	%		$	—				0.0	%
Operating Income (Loss):						Margin								Margin								Margin								Margin
Executive recruitment:
North America		$	12,529				18.4	%		$	16,197				17.7	%		$	16,736				13.5	%		$	34,834				18.8	%
EMEA			(4,204	)			(11.9	%)			5,910				14.6	%			(21,824	)			(33.8	%)			14,396				15.6	%
Asia Pacific			(26	)			(0.2	%)			3,267				15.4	%			949				3.7	%			6,743				15.8	%
South America			1,375				22.5	%			1,214				17.8	%			689				6.5	%			2,294				15.9	%
Total executive recruitment			9,674				7.8	%			26,588				16.6	%			(3,450	)			(1.5	%)			58,267				17.4	%
Futurestep			2,617				15.5	%			1,221				4.2	%			1,802				5.6	%			4,076				6.8	%
Corporate (1)			(10,073	)							(6,321	)							(21,086	)							(17,101	)
Total operating income (loss)		$	2,218				1.6	%		$	21,488				11.4	%		$	(22,734	)			(8.8	%)		$	45,242				11.5	%

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

		October 31,				April 30,
		2009				2009
		(unaudited)
ASSETS
Cash and cash equivalents		$	182,938			$	255,000
Marketable securities			3,783				4,263
Receivables due from clients, net of allowance for doubtful accounts of $7,520 and $11,197, respectively			101,311				67,308
Income taxes and other receivables			8,066				9,001
Deferred income taxes			19,942				14,583
Prepaid expenses and other assets			29,306				21,442
Total current assets			345,346				371,597
Marketable securities, non-current			74,518				70,992
Property and equipment, net			26,578				27,970
Cash surrender value of company owned life insurance policies, net of loans			65,528				63,108
Deferred income taxes			46,894				45,141
Goodwill			164,936				133,331
Intangible assets, net			21,792				16,928
Investments and other assets			15,777				11,812
Total assets		$	761,369			$	740,879
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable		$	8,904			$	10,282
Income taxes payable			10,677				2,059
Compensation and benefits payable			88,065				116,705
Other accrued liabilities			50,418				44,301
Total current liabilities			158,064				173,347
Deferred compensation and other retirement plans			115,833				99,238
Other liabilities			13,104				9,195
Total liabilities			287,001				281,780
Stockholders’ equity
Common stock: $0.01 par value, 150,000 shares authorized, 57,404 and 56,185 shares issued and 45,760 and 44,729 shares outstanding, respectively			376,964				368,430
Retained earnings			73,394				84,922
Accumulated other comprehensive income, net			24,544				6,285
Stockholders’ equity			474,902				459,637
Less: notes receivable from stockholders			(534	)			(538	)
Total stockholders’ equity			474,368				459,099
Total liabilities and stockholders’ equity		$	761,369			$	740,879