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 Third Quarter Fiscal 2011
Results of Operations

Highlights

•

Third quarter fiscal 2011 fee revenue increased 27% to $186.5 million, compared to $146.8 million in the same quarter last year.

•

Q3 FY’11 diluted earnings per share was $0.30, compared to diluted earnings per share of $0.17 in Q3 FY’10. Excluding certain adjustments discussed below, diluted earnings per share was $0.11 in Q3 FY’10.

Los Angeles, CA, March 9, 2011 - Korn/Ferry International (NYSE: KFY), a premier global provider of talent management solutions, announced third quarter fiscal 2011 diluted earnings per share of $0.30 compared to $0.11 in Q3 FY’10 (excluding a $2.8 million tax benefit and adjustments to previously recorded restructuring charges of $0.3 million). Including these adjustments, diluted earnings per share was $0.17 in Q3 FY’10.

“I continue to be pleased with our performance. The past 90 days brought with it our seventh consecutive quarter of fee revenue growth. We have rebounded substantially faster than the industry,” said Gary D. Burnison, CEO of Korn/Ferry International. “Korn/Ferry’s ongoing success, in an uneven global economic recovery and multi-speed labor cycle, is a testament to the steadfast efforts of our employees across the globe. We will continue to anchor our Company in helping clients better attract, deploy, develop and reward their workforce through the delivery of enterprise-wide talent management solutions.”

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

		Third Quarter								Year to Date
		FY’11				FY’10				FY’11				FY’10
Fee revenue		$	186.5			$	146.8			$	547.0			$	403.7
Total revenue		$	194.1			$	152.9			$	570.5			$	422.7
Operating income (loss)		$	20.5			$	6.4			$	59.6			$	(16.3	)
Operating margin			11.0	%			4.3	%			10.9	%			(4.1	)%
Net income (loss)		$	13.9			$	7.9			$	38.5			$	(3.6	)
Basic earnings (loss) per share		$	0.31			$	0.18			$	0.86			$	(0.08	)
Diluted earnings (loss) per share		$	0.30			$	0.17			$	0.84			$	(0.08	)

Adjusted Results (a):

		Third Quarter								Year to Date
		FY’11				FY’10				FY’11				FY’10
Operating income		$	20.5			$	6.0			$	61.7			$	4.2
Operating margin			11.0	%			4.1	%			11.3	%			1.1	%
Net income		$	13.9			$	4.8			$	39.8			$	6.8
Basic earnings per share		$	0.31			$	0.11			$	0.88			$	0.15
Diluted earnings per share		$	0.30			$	0.11			$	0.87			$	0.15

		Third Quarter								Year to Date
		FY’11				FY’10				FY’11				FY’10
Restructuring (reductions) charges		$	—			$	(0.3	)		$	2.1			$	20.6
Certain tax adjustments (b)		$	—			$	(2.8	)		$	—			$	(2.8	)

Fee revenue was $186.5 million in Q3 FY’11 compared to $146.8 million in Q3 FY’10, an increase of 27% (or an increase of 28%, or $40.5 million, on a constant currency basis), which reflects increases in fee revenue from all segments of the business driven primarily by an 18% increase in the overall number of engagements billed as well as a 7% increase in the weighted-average fee billed per engagement compared to the year-ago fiscal quarter.

Compensation and benefits were $126.1 million in Q3 FY’11, an increase of $23.4 million, or 23% (on both an actual and constant currency basis), compared to $102.7 million in Q3 FY’10. This increase is attributable mainly to an increase in the variable component of compensation when compared to the year-ago fiscal quarter and an increase in worldwide headcount. Variable compensation was lower in Q3 FY’10 compared to Q3 FY’11 due to the challenging economic conditions in Q3 FY’10.

General and administrative expenses were $31.5 million in Q3 FY’11 and $31.6 million in Q3 FY’10. Changes in exchange rates impacted general and administrative expenses in Q3 FY’11 favorably by $0.3 million compared to Q3 FY’10.

Operating income was $20.5 million in Q3 FY’11 compared to $6.4 million in Q3 FY’10 (or $6.0 million excluding recoveries of previously recorded restructuring charges in Q3 FY’10), an increase of $14.1 million (or $14.5 million excluding recoveries of previously recorded restructuring charges in Q3 FY’10).

Balance Sheet and Liquidity

Cash and marketable securities were $303.6 million at January 31, 2011 compared to $296.5 million at April 30, 2010. Cash and marketable securities include $68.6 million and $69.0 million, held in trust for deferred compensation plans, at January 31, 2011 and April 30, 2010, respectively. Cash and marketable securities increased by $7.1 million from April 30, 2010, mainly due to cash provided by operating activities partially offset by bonuses earned in FY’10 and paid in FY’11.

Results by Segment

Selected Executive Recruitment Data
(dollars in millions)

		Third Quarter								Year to Date
		FY’11				FY’10				FY’11				FY’10
Fee revenue		$	163.1			$	129.2			$	482.1			$	353.8
Total revenue		$	169.6			$	134.3			$	501.5			$	369.2
Operating income		$	29.1			$	18.5			$	80.7			$	15.1
Operating margin			17.8	%			14.3	%			16.7	%			4.3	%
Ending number of consultants			474				483				474				483
Average number of consultants			475				490				475				486
Engagements billed			3,930				3,281				8,853				6,786
New engagements (a)			1,914				1,683				5,774				4,580

Adjusted Results (b):

		Third Quarter								Year to Date
		FY’11				FY’10				FY’11				FY’10
Operating income		$	29.1			$	18.5			$	82.9			$	38.5
Operating margin			17.8	%			14.3	%			17.2	%			10.9	%

Fee revenue was $163.1 million in Q3 FY’11, an increase of $33.9 million ($34.7 million on a constant currency basis), or 26%, when compared to fee revenue of $129.2 million in Q3 FY’10. Fee revenue increased in all regions due to a 20% increase in the number of executive recruitment engagements billed and a 5% increase in the weighted-average fee per engagement billed when compared to Q3 FY’10.

Operating income was $29.1 million in Q3 FY’11 compared to $18.5 million in Q3 FY’10.

The total number of consultants at January 31, 2011 was 474, a decrease of 9 from January 31, 2010.

Selected Futurestep Data
(dollars in millions)

		Third Quarter								Year to Date
		FY’11				FY’10				FY’11				FY’10
Fee revenue		$	23.4			$	17.6			$	64.9			$	49.9
Total revenue		$	24.5			$	18.6			$	69.0			$	53.5
Operating income		$	1.3			$	0.6			$	3.5			$	2.4
Operating margin			5.4	%			3.2	%			5.3	%			4.7	%

Adjusted Results (a):

		Third Quarter								Year to Date
		FY’11				FY’10				FY’11				FY’10
Operating income (loss)		$	1.3			$	0.2			$	3.4			$	(0.5	)
Operating margin			5.4	%			1.1	%			5.2	%			(1.0	)%

Fee revenue was $23.4 million in Q3 FY’11, an increase of $5.8 million, or 33%, from $17.6 million in Q3 FY’10. The improvement in fee revenue was driven by a 16% increase in the weighted-average fee billed per engagement, as well as a 14% increase in the number of engagements billed.

Operating income was $1.3 million in Q3 FY’11 compared to $0.6 million in Q3 FY’10. Q3 FY’10 operating income includes recoveries of restructuring costs of $0.3 million which primarily relates to lower facility lease costs than originally recorded; without which operating income would have been $0.2 million.

Outlook

Assuming constant foreign exchange rates, stable economic conditions and steady financial markets, Q4 FY’11 fee revenue is likely to be in the range of $183 million to $197 million and diluted earnings per share is likely to be in the range of $0.30 to $0.36.

Earnings Conference Call Webcast

The earnings conference call will be held today at 1:00 PM (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, deploy, develop and reward 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. The statements, which include words such as “believes”, “expects” or “likely” include references to our outlook. 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, maintaining our brand name and professional reputation, potential legal liability, the portability of client relationships, global and local political or economic developments in or affecting countries where we have operations, currency fluctuations in our international operations, risks related to the growth, alignment of our cost structure with our growth, restrictions imposed by off-limits agreements, reliance on information processing systems, our ability to enhance and develop new technology, the successful integration of acquired businesses, our ability to develop new products and services, impairment of goodwill and other intangible assets, deferred tax assets 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:

•

adjusted operating income (loss) and operating margin, adjusted to exclude charges (recoveries) of restructuring charges, net;

•

adjusted net income (loss), adjusted to exclude charges (recoveries) of restructuring charges, net and certain tax adjustments;

•

adjusted basic and diluted earnings (loss) per share, adjusted to exclude charges (recoveries) of restructuring charges, net and certain tax adjustments; 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

		Three Months Ended								Nine Months Ended
		January 31,								January 31,
		2011				2010				2011				2010
		(unaudited)
Fee revenue		$	186,489			$	146,742			$	546,951			$	403,690
Reimbursed out-of-pocket engagement expenses			7,620				6,158				23,524				19,054
Total revenue			194,109				152,900				570,475				422,744
Compensation and benefits			126,088				102,654				373,851				295,115
General and administrative expenses			31,534				31,635				87,512				86,853
Out-of-pocket engagement expenses			12,756				9,837				38,092				28,090
Depreciation and amortization			3,239				2,755				9,351				8,444
Restructuring (reductions) charges, net			—				(364	)			2,130				20,593
Total operating expenses			173,617				146,517				510,936				439,095
Operating income (loss)			20,492				6,383				59,539				(16,351	)
Interest and other income, net			1,547				893				895				5,364
Income (loss) before provision (benefit) for income taxes and equity in earnings of unconsolidated subsidiaries			22,039				7,276				60,434				(10,987	)
Income tax provision (benefit)			8,598				(244	)			23,407				(6,730	)
Equity in earnings of unconsolidated subsidiaries, net			534				390				1,508				639
Net income (loss)		$	13,975			$	7,910			$	38,535			$	(3,618	)
Earnings (loss) per common share:
Basic		$	0.31			$	0.18			$	0.86			$	(0.08	)
Diluted		$	0.30			$	0.17			$	0.84			$	(0.08	)
Weighted-average common shares outstanding:
Basic			45,349				44,622				45,040				44,290
Diluted			46,720				45,811				46,026				44,290

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

		Three Months Ended																Nine Months Ended
		January 31,																January 31,
		2011								2010				% Change				2011								2010				% Change
Fee Revenue:
Executive recruitment:
North America		$	94,991							$	70,187				35	%		$	279,032							$	193,709				44	%
EMEA			40,068								36,643				9	%			113,760								101,240				12	%
Asia Pacific			20,445								16,503				24	%			65,685								42,437				55	%
South America			7,638								5,829				31	%			23,602								16,396				44	%
Total executive recruitment			163,142								129,162				26	%			482,079								353,782				36	%
Futurestep			23,347								17,580				33	%			64,872								49,908				30	%
Total fee revenue			186,489								146,742				27	%			546,951								403,690				35	%
Reimbursed out-of-pocket engagement expenses			7,620								6,158				24	%			23,524								19,054				23	%
Total revenue		$	194,109							$	152,900				27	%		$	570,475							$	422,744				35	%
						Margin								Margin								Margin								Margin
Adjusted Operating Income (Loss): (Excluding Restructuring Charges)
Executive recruitment:
North America		$	21,650				22.8	%		$	13,353				19.0	%		$	60,580				21.7	%		$	28,810				14.9	%
EMEA			3,360				8.4	%			2,935				8.0	%			9,066				8.0	%			5,909				5.8	%
Asia Pacific			2,487				12.2	%			1,203				7.3	%			7,117				10.8	%			2,239				5.3	%
South America			1,559				20.4	%			1,010				17.3	%			6,136				26.0	%			1,526				9.3	%
Total executive recruitment			29,056				17.8	%			18,501				14.3	%			82,899				17.2	%			38,484				10.9	%
Futurestep			1,268				5.4	%			191				1.1	%			3,341				5.2	%			(483	)			(1.0	%)
Corporate (1)			(9,832	)							(12,673	)							(24,571	)							(33,759	)
Total adjusted operating income (loss)		$	20,492				11.0	%		$	6,019				4.1	%		$	61,669				11.3	%		$	4,242				1.1	%
Restructuring (Reductions) Charges, net:
Executive recruitment:
North America		$	—				0.0	%		$	—				0.0	%		$	(340	)			(0.1	%)		$	(1,279	)			(0.6	%)
EMEA			—				0.0	%			—				0.0	%			2,569				2.3	%			24,798				24.5	%
Asia Pacific			—				0.0	%			—				0.0	%			—				0.0	%			87				0.2	%
South America			—				0.0	%			—				0.0	%			—				0.0	%			(173	)			(1.1	%)
Total executive recruitment			—				0.0	%			—				0.0	%			2,229				0.5	%			23,433				6.6	%
Futurestep			—				0.0	%			(364	)			(2.1	%)			(99	)			(0.1	%)			(2,840	)			(5.7	%)
Corporate			—								—								—								—
Total restructuring (reductions) charges, net		$	—				0.0	%		$	(364	)			(0.2	%)		$	2,130				0.4	%		$	20,593				5.2	%
						Margin								Margin								Margin								Margin
Operating Income (Loss):
Executive recruitment:
North America		$	21,650				22.8	%		$	13,353				19.0	%		$	60,920				21.8	%		$	30,089				15.5	%
EMEA			3,360				8.4	%			2,935				8.0	%			6,497				5.7	%			(18,889	)			(18.7	%)
Asia Pacific			2,487				12.2	%			1,203				7.3	%			7,117				10.8	%			2,152				5.1	%
South America			1,559				20.4	%			1,010				17.3	%			6,136				26.0	%			1,699				10.4	%
Total executive recruitment			29,056				17.8	%			18,501				14.3	%			80,670				16.7	%			15,051				4.3	%
Futurestep			1,268				5.4	%			555				3.2	%			3,440				5.3	%			2,357				4.7	%
Corporate (1)			(9,832	)							(12,673	)							(24,571	)							(33,759	)
Total operating income (loss)		$	20,492				11.0	%		$	6,383				4.3	%		$	59,539				10.9	%		$	(16,351	)			(4.1	%)

KORN/FERRY INTERNATIONAL AND SUBSIDIARIES

		January 31,				April 30,
		2011				2010
		(unaudited)
ASSETS
Cash and cash equivalents		$	181,309			$	219,233
Marketable securities			19,949				4,114
Receivables due from clients, net of allowance for doubtful accounts of $9,081 and $5,983, respectively			137,408				107,215
Income taxes and other receivables			11,859				6,292
Deferred income taxes			16,251				20,844
Prepaid expenses and other assets			27,898				23,166
Total current assets			394,674				380,864
Marketable securities, non-current			102,301				73,105
Property and equipment, net			39,903				24,963
Cash surrender value of company owned life insurance policies, net of loans			73,257				69,069
Deferred income taxes			62,385				59,742
Goodwill			176,988				172,273
Intangible assets, net			23,697				25,425
Investments and other assets			34,312				21,657
Total assets		$	907,517			$	827,098
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable		$	11,072			$	11,148
Income taxes payable			11,786				6,323
Compensation and benefits payable			143,037				131,550
Other accrued liabilities			45,300				49,062
Total current liabilities			211,195				198,083
Deferred compensation and other retirement plans			128,552				123,794
Other liabilities			24,518				13,879
Total liabilities			364,265				335,756
Stockholders’ equity
Common stock: $0.01 par value, 150,000 shares authorized, 58,958 and 57,614 shares issued and 46,817 and 45,979 shares outstanding, respectively			398,618				388,717
Retained earnings			128,455				90,220
Accumulated other comprehensive income, net			16,701				12,934
Stockholders’ equity			543,774				491,871
Less: notes receivable from stockholders			(522	)			(529	)
Total stockholders’ equity			543,252				491,342
Total liabilities and stockholders’ equity		$	907,517			$	827,098

KORN/FERRY INTERNATIONAL AND SUBSIDIARIES

		Three Months Ended												Three Months Ended
		January 31, 2011												January 31, 2010
		As Reported				Adjustments				As Adjusted				As Reported				Adjustments				As Adjusted
Fee revenue		$	186,489							$	186,489			$	146,742							$	146,742
Reimbursed out-of-pocket engagement expenses			7,620								7,620				6,158								6,158
Total revenue			194,109								194,109				152,900								152,900
Compensation and benefits			126,088								126,088				102,654								102,654
General and administrative expenses			31,534								31,534				31,635								31,635
Out-of-pocket engagement expenses			12,756								12,756				9,837								9,837
Depreciation and amortization			3,239								3,239				2,755								2,755
Restructuring reductions, net			—				—				—				(364	)			364				—
Total operating expenses			173,617				—				173,617				146,517				364				146,881
Operating income			20,492				—				20,492				6,383				(364	)			6,019
Interest and other income, net			1,547								1,547				893								893
Income before provision (benefit) for income taxes and equity in earnings of unconsolidated subsidiaries			22,039				—				22,039				7,276				(364	)			6,912
Income tax provision (benefit) (1) (2)			8,598				—				8,598				(244	)			2,698				2,454
Equity in earnings of unconsolidated subsidiaries, net			534								534				390								390
Net income		$	13,975			$	—			$	13,975			$	7,910			$	(3,062	)		$	4,848
Earnings per common share:
Basic		$	0.31							$	0.31			$	0.18							$	0.11
Diluted		$	0.30							$	0.30			$	0.17							$	0.11
Weighted-average common shares outstanding:
Basic			45,349								45,349				44,622								44,622
Diluted			46,720								46,720				45,811								45,811

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)

		Nine Months Ended												Nine Months Ended
		January 31, 2011												January 31, 2010
		As Reported				Adjustments				As Adjusted				As Reported				Adjustments				As Adjusted
Fee revenue		$	546,951							$	546,951			$	403,690							$	403,690
Reimbursed out-of-pocket engagement expenses			23,524								23,524				19,054								19,054
Total revenue			570,475								570,475				422,744								422,744
Compensation and benefits			373,851								373,851				295,115								295,115
General and administrative expenses			87,512								87,512				86,853								86,853
Out-of-pocket engagement expenses			38,092								38,092				28,090								28,090
Depreciation and amortization			9,351								9,351				8,444								8,444
Restructuring charges, net			2,130				(2,130	)			—				20,593				(20,593	)			—
Total operating expenses			510,936				(2,130	)			508,806				439,095				(20,593	)			418,502
Operating income (loss)			59,539				2,130				61,669				(16,351	)			20,593				4,242
Interest and other income, net			895								895				5,364								5,364
Income (loss) before provision (benefit) for income taxes and equity in earnings of unconsolidated subsidiaries			60,434				2,130				62,564				(10,987	)			20,593				9,606
Income tax provision (benefit) (1) (2)			23,407				821				24,228				(6,730	)			10,140				3,410
Equity in earnings of unconsolidated subsidiaries, net			1,508								1,508				639								639
Net income (loss)		$	38,535			$	1,309			$	39,844			$	(3,618	)		$	10,453			$	6,835
Earnings (loss) per common share:
Basic		$	0.86							$	0.88			$	(0.08	)						$	0.15
Diluted		$	0.84							$	0.87			$	(0.08	)						$	0.15
Weighted-average common shares outstanding:
Basic			45,040								45,040				44,290								44,290
Diluted			46,026								46,026				44,290								45,209