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
2011 Results of Operations

Highlights

	•		Second quarter fiscal 2011 fee revenue increased 32% to $185.4 million, compared to $140.1 million in the same quarter last year.
	•		Q2 FY’11 diluted earnings per share, excluding net adjustments to previously recorded restructuring charges was $0.33, compared to diluted earnings per share of $0.09 in Q2 FY’10. Including net restructuring charges, Q2 FY’11 diluted earnings per share was $0.30 compared to $0.06 in Q2 FY’10.

Los Angeles, CA, December 8, 2010 — Korn/Ferry International (NYSE: KFY), a premier global provider of talent management solutions, announced Q2 FY’11 diluted earnings per share of $0.33 compared to $0.09 in Q2 FY’10 (excluding net adjustments to previously recorded restructuring charges of $2.1 million and $2.8 million, respectively). Diluted earnings per share was $0.30 and $0.06 in Q2 FY’11 and Q2 FY’10, respectively.

“As evidenced by our sixth consecutive sequential fee revenue increase, our clients are increasingly turning to Korn/Ferry for a variety of their most important human capital needs,” said Gary D. Burnison, CEO of Korn/Ferry International. “After meeting with many of our clients’ CEOs over the last several months, it’s evident that we are experiencing a two-speed labor recovery – global vs. local. Global enterprises are investing, hiring and expanding, while organizations more reliant on Western economies for growth have remained more cautious. Overall, I’m very pleased with our organization’s results this quarter, which validate our strategy of helping clients achieve extraordinary performance through people.”

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

		Second Quarter								Year to Date
		FY’11				FY’10				FY’11				FY’10
Fee revenue		$	185.4			$	140.1			$	360.5			$	256.9
Total revenue		$	193.2			$	146.5			$	376.4			$	269.8
Operating income (loss)		$	19.8			$	2.3			$	39.1			$	(22.7	)
Operating margin			10.7	%			1.6	%			10.8	%			(8.8	)%
Net income (loss)		$	13.7			$	2.8			$	24.6			$	(11.5	)
Basic earnings (loss) per share		$	0.30			$	0.06			$	0.55			$	(0.26	)
Diluted earnings (loss) per share		$	0.30			$	0.06			$	0.53			$	(0.26	)

Adjusted Results (a):

		Second Quarter								Year to Date
		FY’11				FY’10				FY’11				FY’10
Operating income (loss)		$	21.9			$	5.0			$	41.2			$	(1.8	)
Operating margin			11.8	%			3.6	%			11.4	%			(0.7	)%
Net income		$	15.0			$	4.3			$	25.9			$	2.0
Basic earnings per share		$	0.33			$	0.10			$	0.58			$	0.05
Diluted earnings per share		$	0.33			$	0.09			$	0.56			$	0.04

Fee revenue was $185.4 million in Q2 FY’11 compared to $140.1 million in Q2 FY’10, an increase of 32% (or an increase of 33%, or $45.7 million, on a constant currency basis), which reflects increases in revenue from all segments of the business driven primarily by a 28% increase in the number of executive recruitment engagements billed as well as a 4% (5% excluding the impact of exchange rates) increase in the weighted-average fee billed per executive recruitment engagement compared to the year-ago fiscal quarter. Furthermore, the Company experienced a 6% increase in fee revenue compared to Q1 FY’11.

Compensation and benefits were $127.6 million in Q2 FY’11, an increase of $25.5 million, or 25%, compared to $102.1 million in Q2 FY’10. This increase is attributable mainly to an increase in the variable component of compensation when compared to the year-ago fiscal quarter. Compensation and benefits were lower in Q2 FY’10 compared to Q2 FY’11 due to the challenging economic conditions in Q2 FY’10.

General and administrative expenses were $27.4 million in Q2 FY’11, an increase of $0.2 million, or 1% from $27.2 million in Q2 FY’10. This increase is due primarily to an increase in bad debt provisions as a result of higher revenues and accounts receivable, a decrease in unrealized net foreign exchange gains, partially offset by a fair value contingent consideration adjustment from a prior acquisition. Changes in exchange rates impacted general and administrative expenses in Q2 FY’11 favorably by $0.4 million compared to Q2 FY’10.

Operating income was $19.8 million in Q2 FY’11 compared to $2.3 million in Q2 FY’10, an increase of $17.5 million. Excluding restructuring charges of $2.1 million in Q2 FY’11 and $2.8 million in Q2 FY’10, operating income was $21.9 million in Q2 FY’11 and $5.0 million in Q2 FY’10, an increase of $16.9 million.

Balance Sheet and Liquidity

Cash and marketable securities were $264.7 million at October 31, 2010 compared to $296.5 million at April 30, 2010. Cash and marketable securities include $67.0 million and $69.0 million, held in trust for deferred compensation plans, at October 31, 2010 and April 30, 2010, respectively. Cash and marketable securities decreased by $31.8 million from April 30, 2010, mainly due to the payment of FY’10 annual bonuses in Q1 FY’11, partially offset by cash provided by operating activities in Q2 FY’11.

Results by Segment

Selected Executive Recruitment Data
(dollars in millions)

		Second Quarter								Year to Date
		FY’11				FY’10				FY’11				FY’10
Fee revenue		$	164.1			$	123.3			$	319.0			$	224.6
Total revenue		$	170.5			$	128.3			$	331.9			$	234.9
Operating income (loss)		$	23.9			$	9.7			$	51.6			$	(3.4	)
Operating margin			14.6	%			7.8	%			16.2	%			(1.5	)%
Ending number of consultants			475				497				475				497
Average number of consultants			477				499				475				486
Engagements billed			3,795				2,981				6,324				4,643
New engagements (a)			1,970				1,578				3,860				2,896

Adjusted Results (b):

		Second Quarter								Year to Date
		FY’11				FY’10				FY’11				FY’10
Operating income		$	26.1			$	14.9			$	53.8			$	20.0
Operating margin			15.9	%			12.1	%			16.9	%			8.9	%

Fee revenue was $164.1 million in Q2 FY’11, an increase of $40.8 million ($41.2 million on a constant currency basis), or 33%, when compared to fee revenue of $123.3 million in Q2 FY’10. Fee revenue increased in all regions due to a 28% increase in the overall number of engagements billed and a 4% (5% excluding the impact of exchange rates) increase in the weighted-average fee per engagement billed when compared to Q2 FY’10.

Operating income was $23.9 million in Q2 FY’11 compared to $9.7 million in Q2 FY’10. Excluding restructuring charges of $2.2 million in Q2 FY’11 and $5.3 million in Q2 FY’10, operating income was $26.1 million and $14.9 million, respectively, an increase of $11.2 million compared to Q2 FY’10.

The total number of consultants at October 31, 2010 was 475, a decrease of 22 from October 31, 2009.

Selected Futurestep Data
(dollars in millions)

		Second Quarter								Year to Date
		FY’11				FY’10				FY’11				FY’10
Fee revenue		$	21.3			$	16.8			$	41.5			$	32.3
Total revenue		$	22.7			$	18.2			$	44.5			$	34.9
Operating income		$	1.2			$	2.6			$	2.2			$	1.8
Operating margin			5.6	%			15.5	%			5.2	%			5.6	%

Adjusted Results (a):

		Second Quarter								Year to Date
		FY’11				FY’10				FY’11				FY’10
Operating income (loss)		$	1.1			$	0.1			$	2.1			$	(0.7	)
Operating margin			5.1	%			0.8	%			5.0	%			(2.1	)%

Fee revenue was $21.3 million in Q2 FY’11, an increase of $4.5 million (also $4.5 million on a constant currency basis), or 27%, from $16.8 million in Q2 FY’10. The improvement in fee revenue was driven by a 30% increase in the overall number of engagements billed, partially offset by a 3% decrease in the weighted-average fee billed per engagement.

Operating income was $1.2 million in Q2 FY’11 compared to $2.6 million in Q2 FY’10. Operating income includes recovery of restructuring costs of $0.1 million and $2.5 million, during Q2 FY’11 and Q2 FY’10, respectively, which in Q2 FY’10 primarily relates to lower facility lease costs than originally recorded; without which operating income would have been $1.1 million and $0.1 million, respectively.

Outlook

Assuming constant foreign exchange rates, stable economic conditions and steady financial markets, Q3 FY’11 fee revenue is likely to be in the range of $175 million to $190 million and diluted earnings per share is likely to be in the range of $0.25 to $0.32.

Earnings Conference Call Webcast

The earnings conference call will be held today at 9:00 AM (EST) and hosted by CEO Gary Burnison, CFO Mike DiGregorio and SVP Finance Gregg Kvochak. 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 include those relating 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 the following (each of which has been adjusted to exclude restructuring charges):

	•		adjusted operating income (loss) and operating margin;
	•		adjusted net income (loss);
	•		adjusted basic and diluted earnings (loss) per share; and
	•		constant currency amounts that represent the outcome that would have resulted had exchange rates in the reported period been the same as those in effect in the comparable prior year period.

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,
		2010				2009				2010				2009
		(unaudited)
Fee revenue		$	185,350			$	140,145			$	360,462			$	256,948
Reimbursed out-of-pocket engagement expenses			7,854				6,411				15,904				12,896
Total revenue			193,204				146,556				376,366				269,844
Compensation and benefits			127,555				102,076				247,763				192,461
General and administrative expenses			27,363				27,164				55,978				55,218
Out-of-pocket engagement expenses			13,237				9,464				25,336				18,253
Depreciation and amortization			3,144				2,860				6,112				5,689
Restructuring charges, net			2,130				2,774				2,130				20,957
Total operating expenses			173,429				144,338				337,319				292,578
Operating income (loss)			19,775				2,218				39,047				(22,734	)
Interest and other income (loss), net			1,657				1,180				(652	)			4,471
Income (loss) before provision (benefit) for income taxes and equity in earnings of unconsolidated subsidiaries			21,432				3,398				38,395				(18,263	)
Income tax provision (benefit)			8,288				879				14,809				(6,486	)
Equity in earnings of unconsolidated subsidiaries, net			512				226				974				249
Net income (loss)		$	13,656			$	2,745			$	24,560			$	(11,528	)
Earnings (loss) per common share:
Basic		$	0.30			$	0.06			$	0.55			$	(0.26	)
Diluted		$	0.30			$	0.06			$	0.53			$	(0.26	)
Weighted-average common shares outstanding:
Basic			45,130				44,470				44,886				44,123
Diluted			45,918				45,291				46,061				44,123

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

		Three Months Ended																Six Months Ended
		October 31,																October 31,
		2010								2009				% Change				2010								2009				% Change
Fee Revenue:
Executive recruitment:
North America		$	94,066							$	68,230				38	%		$	184,041							$	123,522				49	%
EMEA			37,424								35,376				6	%			73,692								64,597				14	%
Asia Pacific			24,098								13,563				78	%			45,240								25,934				74	%
South America			8,478								6,122				38	%			15,964								10,567				51	%
Total executive recruitment			164,066								123,291				33	%			318,937								224,620				42	%
Futurestep			21,284								16,854				26	%			41,525								32,328				28	%
Total fee revenue			185,350								140,145				32	%			360,462								256,948				40	%
Reimbursed out-of-pocket engagement expenses			7,854								6,411				23	%			15,904								12,896				23	%
Total revenue		$	193,204							$	146,556				32	%		$	376,366							$	269,844				39	%
						Margin								Margin								Margin								Margin
Adjusted Operating Income (Loss): (Excluding Restructuring Charges)
Executive recruitment:
North America		$	19,255				20.5	%		$	11,250				16.5	%		$	38,930				21.2	%		$	15,457				12.5	%
EMEA			2,653				7.1	%			2,411				6.8	%			5,706				7.7	%			2,974				4.6	%
Asia Pacific			1,561				6.5	%			61				0.4	%			4,630				10.2	%			1,036				4.0	%
South America			2,698				31.8	%			1,202				19.6	%			4,577				28.7	%			516				4.9	%
Total executive recruitment			26,167				15.9	%			14,924				12.1	%			53,843				16.9	%			19,983				8.9	%
Futurestep			1,084				5.1	%			141				0.8	%			2,073				5.0	%			(674	)			(2.1	%)
Corporate (1)			(5,346	)							(10,073	)							(14,739	)							(21,086	)
Total adjusted operating income (loss)		$	21,905				11.8	%		$	4,992				3.6	%		$	41,177				11.4	%		$	(1,777	)			(0.7	%)
Restructuring Charges (Reductions), net:
Executive recruitment:
North America		$	(340	)			(0.3	%)		$	(1,279	)			(1.9	%)		$	(340	)			(0.1	%)		$	(1,279	)			(1.0	%)
EMEA			2,569				6.9	%			6,615				18.7	%			2,569				3.4	%			24,798				38.4	%
Asia Pacific			—				0.0	%			87				0.6	%			—				0.0	%			87				0.3	%
South America			—				0.0	%			(173	)			(2.9	%)			—				0.0	%			(173	)			(1.6	%)
Total executive recruitment			2,229				1.3	%			5,250				4.3	%			2,229				0.7	%			23,433				10.4	%
Futurestep			(99	)			(0.5	%)			(2,476	)			(14.7	%)			(99	)			(0.2	%)			(2,476	)			(7.7	%)
Corporate			—								—								—								—
Total restructuring charges (reductions), net		$	2,130				1.1	%		$	2,774				2.0	%		$	2,130				0.6	%		$	20,957				8.1	%
						Margin								Margin								Margin								Margin
Operating Income (Loss):
Executive recruitment:
North America		$	19,595				20.8	%		$	12,529				18.4	%		$	39,270				21.3	%		$	16,736				13.5	%
EMEA			84				0.2	%			(4,204	)			(11.9	%)			3,137				4.3	%			(21,824	)			(33.8	%)
Asia Pacific			1,561				6.5	%			(26	)			(0.2	%)			4,630				10.2	%			949				3.7	%
South America			2,698				31.8	%			1,375				22.5	%			4,577				28.7	%			689				6.5	%
Total executive recruitment			23,938				14.6	%			9,674				7.8	%			51,614				16.2	%			(3,450	)			(1.5	%)
Futurestep			1,183				5.6	%			2,617				15.5	%			2,172				5.2	%			1,802				5.6	%
Corporate (1)			(5,346	)							(10,073	)							(14,739	)							(21,086	)
Total operating income (loss)		$	19,775				10.7	%		$	2,218				1.6	%		$	39,047				10.8	%		$	(22,734	)			(8.8	%)

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

		October 31,				April 30,
		2010				2010
		(unaudited)
ASSETS
Cash and cash equivalents		$	151,118			$	219,233
Marketable securities			16,189				4,114
Receivables due from clients, net of allowance for doubtful accounts of $8,106 and $5,983, respectively			145,043				107,215
Income taxes and other receivables			8,476				6,292
Deferred income taxes			21,375				20,844
Prepaid expenses and other assets			27,940				23,166
Total current assets			370,141				380,864
Marketable securities, non-current			97,410				73,105
Property and equipment, net			37,470				24,963
Cash surrender value of company owned life insurance policies, net of loans			71,929				69,069
Deferred income taxes			53,526				59,742
Goodwill			177,562				172,273
Intangible assets, net			24,310				25,425
Investments and other assets			31,931				21,657
Total assets		$	864,279			$	827,098
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable		$	11,308			$	11,148
Income taxes payable			8,487				6,323
Compensation and benefits payable			121,894				131,550
Other accrued liabilities			50,762				49,062
Total current liabilities			192,451				198,083
Deferred compensation and other retirement plans			131,009				123,794
Other liabilities			21,706				13,879
Total liabilities			345,166				335,756
Stockholders’ equity
Common stock: $0.01 par value, 150,000 shares authorized, 58,548 and 57,614 shares issued and 46,388 and 45,979 shares outstanding, respectively			387,909				388,717
Retained earnings			114,780				90,220
Accumulated other comprehensive income, net			16,949				12,934
Stockholders’ equity			519,638				491,871
Less: notes receivable from stockholders			(525	)			(529	)
Total stockholders’ equity			519,113				491,342
Total liabilities and stockholders’ equity		$	864,279			$	827,098

KORN/FERRY INTERNATIONAL AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
RECONCILIATION OF AS REPORTED (GAAP) TO AS ADJUSTED (NON-GAAP)
(in thousands, except per share amounts)
(unaudited)

		Three Months Ended												Three Months Ended
		October 31, 2010												October 31, 2009
		As Reported				Adjustments				As Adjusted				As Reported				Adjustments				As Adjusted
Fee revenue		$	185,350							$	185,350			$	140,145							$	140,145
Reimbursed out-of-pocket engagement expenses			7,854								7,854				6,411								6,411
Total revenue			193,204								193,204				146,556								146,556
Compensation and benefits			127,555								127,555				102,076								102,076
General and administrative expenses			27,363								27,363				27,164								27,164
Out-of-pocket engagement expenses			13,237								13,237				9,464								9,464
Depreciation and amortization			3,144								3,144				2,860								2,860
Restructuring charges, net			2,130				(2,130	)			—				2,774				(2,774	)			—
Total operating expenses			173,429				(2,130	)			171,299				144,338				(2,774	)			141,564
Operating income			19,775				2,130				21,905				2,218				2,774				4,992
Interest and other income, net			1,657								1,657				1,180								1,180
Income before provision for income taxes and equity in earnings of unconsolidated subsidiaries			21,432				2,130				23,562				3,398				2,774				6,172
Income tax provision (1)			8,288				821				9,109				879				1,260				2,139
Equity in earnings of unconsolidated subsidiaries, net			512								512				226								226
Net income		$	13,656			$	1,309			$	14,965			$	2,745			$	1,514			$	4,259
Earnings per common share:
Basic		$	0.30							$	0.33			$	0.06							$	0.10
Diluted		$	0.30							$	0.33			$	0.06							$	0.09
Weighted-average common shares outstanding:
Basic			45,130								45,130				44,470								44,470
Diluted			45,918								45,918				45,291								45,291

KORN/FERRY INTERNATIONAL AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
RECONCILIATION OF AS REPORTED (GAAP) TO AS ADJUSTED (NON-GAAP)
(in thousands, except per share amounts)
(unaudited)

		Six Months Ended												Six Months Ended
		October 31, 2010												October 31, 2009
		As Reported				Adjustments				As Adjusted				As Reported				Adjustments				As Adjusted
Fee revenue		$	360,462							$	360,462			$	256,948							$	256,948
Reimbursed out-of-pocket engagement expenses			15,904								15,904				12,896								12,896
Total revenue			376,366								376,366				269,844								269,844
Compensation and benefits			247,763								247,763				192,461								192,461
General and administrative expenses			55,978								55,978				55,218								55,218
Out-of-pocket engagement expenses			25,336								25,336				18,253								18,253
Depreciation and amortization			6,112								6,112				5,689								5,689
Restructuring charges, net			2,130				(2,130	)			—				20,957				(20,957	)			—
Total operating expenses			337,319				(2,130	)			335,189				292,578				(20,957	)			271,621
Operating income (loss)			39,047				2,130				41,177				(22,734	)			20,957				(1,777	)
Interest and other (loss) income, net			(652	)							(652	)			4,471				—				4,471
Income (loss) before provision (benefit) for income taxes and equity in earnings of unconsolidated subsidiaries			38,395				2,130				40,525				(18,263	)			20,957				2,694
Income tax provision (benefit) (1)			14,809				821				15,630				(6,486	)			7,442				956
Equity in earnings of unconsolidated subsidiaries, net			974								974				249								249
Net income (loss)		$	24,560			$	1,309			$	25,869			$	(11,528	)		$	13,515			$	1,987
Earnings (loss) per common share:
Basic		$	0.55							$	0.58			$	(0.26	)						$	0.05
Diluted		$	0.53							$	0.56			$	(0.26	)						$	0.04
Weighted-average common shares outstanding:
Basic			44,886								44,886				44,123								44,123
Diluted			46,061								46,061				44,123								44,824