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 2011 Results of Operations

Highlights

•

Fourth quarter fiscal 2011 fee revenue increased 17% to $197.3 million, compared to $168.7 million in the same quarter last year.

•

Q4 FY’11 diluted earnings per share was $0.43, compared to diluted earnings per share of $0.19 in Q4 FY’10. Excluding certain tax adjustments, Q4 FY’11 diluted earnings per share was $0.39.

•

FY’11 fee revenue increased $171.9 million, or 30%, to $744.3 million, compared to $572.4 million last year.

•

FY’11 diluted earnings per share was $1.27, compared to diluted earnings per share of $0.12 in FY’10. Excluding restructuring charges and certain tax adjustments, FY’11 and FY’10 diluted earnings per share was $1.25 and $0.35, respectively.

•

Cash and marketable securities were $369 million at April 30, 2011 compared to $296 million at April 30, 2010.

Los Angeles, CA, June 15, 2011 - Korn/Ferry International (NYSE: KFY), a premier global provider of talent management solutions, announced fourth quarter fiscal 2011 diluted earnings per share of $0.43 compared to $0.19 in Q4 FY’10. Excluding certain tax adjustments, Q4 FY’11 diluted earnings per share was $0.39.

“I am enormously proud of the Korn/Ferry organization,” said Gary Burnison, Chief Executive Officer, Korn/Ferry International. “Once again, our growth was driven by the strength of our differentiated strategy. Thanks to the dedication of our colleagues in serving our clients, we achieved an operating margin of almost 12% for the full year. As we enter a new fiscal year, we will continue to build a Korn/Ferry brand that is synonymous with talent management, assisting our clients in linking their business and people strategies.”

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

		Fourth Quarter								Year to Date
		FY’11				FY’10				FY’11				FY’10
Fee revenue		$	197.3			$	168.7			$	744.3			$	572.4
Total revenue		$	205.8			$	176.9			$	776.3			$	599.6
Operating income (loss)		$	26.2			$	13.6			$	85.8			$	(2.7	)
Operating margin			13.3	%			8.1	%			11.5	%			(0.5	)%
Net income		$	20.4			$	8.9			$	58.9			$	5.3
Basic earnings per share		$	0.45			$	0.20			$	1.30			$	0.12
Diluted earnings per share		$	0.43			$	0.19			$	1.27			$	0.12

Adjusted Results (a):

		Fourth Quarter								Year to Date
		FY’11				FY’10				FY’11				FY’10
Operating income		$	26.2			$	13.7			$	87.9			$	17.9
Operating margin			13.3	%			8.1	%			11.8	%			3.1	%
Net income		$	18.3			$	9.0			$	58.1			$	15.8
Basic earnings per share		$	0.40			$	0.20			$	1.28			$	0.36
Diluted earnings per share		$	0.39			$	0.19			$	1.25			$	0.35

		Fourth Quarter								Year to Date
		FY’11				FY’10				FY’11				FY’10
Restructuring charges		$	—			$	0.1			$	2.1			$	20.6
Certain tax adjustments (b)		$	(2.1	)		$	—			$	(2.1	)		$	(2.8	)

Fee revenue was $197.3 million in Q4 FY’11 compared to $168.7 million in Q4 FY’10, an increase of $28.6 million, or 17%, which reflects increases in fee revenue from all segments of the business driven primarily by a 15% increase in the overall number of engagements billed as well as a 2% increase in the weighted-average fee billed per engagement compared to the year-ago fiscal quarter. On a constant currency basis fee revenue increased $21.9 million, or 13%.

Compensation and benefits were $133.5 million in Q4 FY’11, an increase of $15.4 million, or 13%, compared to $118.1 million in Q4 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 to a lesser extent to an increase in worldwide headcount. On a constant currency basis compensation and benefits increased $10.8 million, or 9%.

General and administrative expenses were $29.0 million in Q4 FY’11 and $28.4 million in Q4 FY’10, an increase of $0.6 million, or 2%. The increase is due primarily to an increase in bad debt provisions as a result of higher revenues and accounts receivable, an increase in premise and office expense and other general and administrative expenses, partially offset by a decrease in unrealized foreign exchange losses and a fair value contingent consideration adjustment from a prior acquisition. On a constant currency basis general and administrative expenses decreased $0.6 million, or 2%.

Operating income was $26.2 million in Q4 FY’11 compared to $13.6 million in Q4 FY’10 (or $13.7 million excluding restructuring charges in Q4 FY’10), an increase of $12.6 million (or $12.5 million excluding restructuring charges in Q4 FY’10).

Balance Sheet and Liquidity

Cash and marketable securities were $369.1 million at April 30, 2011 compared to $296.5 million at April 30, 2010. Cash and marketable securities included $71.4 million and $69.0 million, held in trust for deferred compensation plans, at April 30, 2011 and 2010, respectively. Cash and marketable securities increased by $72.6 million from April 30, 2010, mainly due to cash provided by operating activities partially offset by bonuses earned in FY’10 which were paid in FY’11.

Results by Segment

Selected Executive Recruitment Data
(dollars in millions)

		Fourth Quarter								Year to Date
		FY’11				FY’10				FY’11				FY’10
Fee revenue		$	172.0			$	150.6			$	654.1			$	504.4
Total revenue		$	178.8			$	157.4			$	680.3			$	526.6
Operating income		$	30.7			$	23.1			$	111.4			$	38.2
Operating margin			17.9	%			15.4	%			17.0	%			7.6	%
Ending number of consultants			471				473				471				473
Average number of consultants			472				479				474				482
Engagements billed			4,096				3,673				11,501				9,164
New engagements (a)			2,131				1,925				7,905				6,505

Adjusted Results (b):

		Fourth Quarter								Year to Date
		FY’11				FY’10				FY’11				FY’10
Operating income		$	30.7			$	23.1			$	113.6			$	61.6
Operating margin			17.9	%			15.4	%			17.4	%			12.2	%

Fee revenue was $172.0 million in Q4 FY’11, an increase of $21.4 million, or 14%, when compared to fee revenue of $150.6 million in Q4 FY’10. Fee revenue increased in all regions due to a 12% increase in the number of executive recruitment engagements billed and a 2% increase in the weighted-average fee per engagement billed when compared to Q4 FY’10. Fee revenue increased $16.7 million on a constant currency basis.

Operating income was $30.7 million in Q4 FY’11 compared to $23.1 million in Q4 FY’10, an increase of $7.6 million. This increase is primarily attributed to the $21.4 million increase in executive recruitment fee revenue in Q4 FY’11 as compared to Q4 FY’10, which was partially offset by an $11.3 million and $2.5 million increase in compensation and benefits expense and general and administrative expenses, respectively. The increase in compensation and benefits expense primarily resulted from an increase in the variable component of compensation, and the increase in general and administrative expense was primarily driven by an increase in bad debt provisions and premise and office expense.

The total number of consultants at April 30, 2011 and 2010 was 471 and 473, respectively.

Selected Futurestep Data
(dollars in millions)

		Fourth Quarter								Year to Date
		FY’11				FY’10				FY’11				FY’10
Fee revenue		$	25.3			$	18.1			$	90.2			$	68.0
Total revenue		$	27.0			$	19.5			$	96.0			$	73.0
Operating income (loss)		$	1.5			$	(1.1	)		$	5.0			$	1.3
Operating margin			6.0	%			(5.9	)%			5.5	%			1.9	%

Adjusted Results (a):

		Fourth Quarter								Year to Date
		FY’11				FY’10				FY’11				FY’10
Operating income (loss)		$	1.5			$	(1.0	)		$	4.9			$	(1.5	)
Operating margin			6.0	%			(5.5	)%			5.4	%			(2.2	)%

Fee revenue was $25.3 million in Q4 FY’11, an increase of $7.2 million, or 40%, from $18.1 million in Q4 FY’10. The improvement in fee revenue was driven by a 26% increase in the number of engagements billed, as well as an 11% increase in the weighted-average fee billed per engagement. On a constant currency basis fee revenue increased $5.2 million, or 29%.

Operating income was $1.5 million in Q4 FY’11 compared to an operating loss of $1.1 million in Q4 FY’10. Q4 FY’10 operating loss includes $1.2 million in severance costs and $0.1 million restructuring costs which primarily relates to facility lease costs; without such charges, operating income would have been $0.2 million.

Outlook

Assuming constant foreign exchange rates, stable economic conditions and steady financial markets, Q1 FY’12 fee revenue is likely to be in the range of $190 million to $205 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 5:00 PM (EDT) 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. These 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 (reductions) of restructuring charges, net;

•

adjusted net income, adjusted to exclude restructuring charges (reductions), net and certain tax adjustments;

•

adjusted basic and diluted earnings per share, adjusted to exclude restructuring charges (reductions) 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
CONSOLIDATED STATEMENTS OF INCOME
(in thousands, except per share amounts)

		Three Months Ended								Year Ended
		April 30,								April 30,
		2011				2010				2011				2010
		(unaudited)
Fee revenue		$	197,298			$	168,690			$	744,249			$	572,380
Reimbursed out-of-pocket engagement expenses			8,478				8,215				32,002				27,269
Total revenue			205,776				176,905				776,251				599,649
Compensation and benefits			133,554				118,225				507,405				413,340
General and administrative expenses			28,982				28,427				116,494				115,280
Out-of-pocket engagement expenses			13,674				13,495				51,766				41,585
Depreciation and amortization			3,320				3,049				12,671				11,493
Restructuring charges, net			—				80				2,130				20,673
Total operating expenses			179,530				163,276				690,466				602,371
Operating income (loss)			26,246				13,629				85,785				(2,722	)
Interest and other income, net			3,024				2,080				3,919				7,444
Income before provision (benefit) for income taxes and equity in earnings (loss) of unconsolidated subsidiaries			29,270				15,709				89,704				4,722
Income tax provision (benefit)			9,285				6,245				32,692				(485	)
Equity in earnings (loss) of unconsolidated subsidiaries, net			354				(548	)			1,862				91
Net income		$	20,339			$	8,916			$	58,874			$	5,298
Earnings per common share:
Basic		$	0.45			$	0.20			$	1.30			$	0.12
Diluted		$	0.43			$	0.19			$	1.27			$	0.12
Weighted-average common shares outstanding:
Basic			45,700				44,783				45,205				44,413
Diluted			47,165				46,220				46,280				45,457

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

		Three Months Ended																Year Ended
		April 30,																April 30,
		2011								2010				% Change				2011								2010				% Change
Fee Revenue:
Executive recruitment:
North America		$	96,939							$	85,037				14	%		$	375,971							$	278,746				35	%
EMEA (1)			42,022								36,257				16	%			155,782								137,497				13	%
Asia Pacific			24,661								21,695				14	%			90,346								64,132				41	%
South America			8,357								7,630				10	%			31,959								24,026				33	%
Total executive recruitment			171,979								150,619				14	%			654,058								504,401				30	%
Futurestep			25,319								18,071				40	%			90,191								67,979				33	%
Total fee revenue			197,298								168,690				17	%			744,249								572,380				30	%
Reimbursed out-of-pocket engagement expenses			8,478								8,215				3	%			32,002								27,269				17	%
Total revenue		$	205,776							$	176,905				16	%		$	776,251							$	599,649				29	%
						Margin								Margin								Margin								Margin
Adjusted Operating Income (Loss): (Excluding Restructuring Charges)
Executive recruitment:
North America		$	19,765				20.4	%		$	12,183				14.3	%		$	80,345				21.4	%		$	40,993				14.7	%
EMEA			5,131				12.2	%			3,514				9.7	%			14,197				9.1	%			9,423				6.8	%
Asia Pacific			4,494				18.2	%			5,826				26.9	%			11,611				12.9	%			8,065				12.6	%
South America			1,339				16.0	%			1,647				21.6	%			7,475				23.4	%			3,173				13.2	%
Total executive recruitment			30,729				17.9	%			23,170				15.4	%			113,628				17.4	%			61,654				12.2	%
Futurestep			1,515				6.0	%			(1,002	)			(5.5	%)			4,856				5.4	%			(1,485	)			(2.2	%)
Corporate (2)			(5,998	)							(8,459	)							(30,569	)							(42,218	)
Total adjusted operating income (loss)		$	26,246				13.3	%		$	13,709				8.1	%		$	87,915				11.8	%		$	17,951				3.1	%
Restructuring Charges (Reductions), net:
Executive recruitment:
North America		$	—				0.0	%		$	(332	)			(0.4	%)		$	(340	)			(0.1	%)		$	(1,611	)			(0.6	%)
EMEA			—				0.0	%			136				0.4	%			2,569				1.6	%			24,934				18.1	%
Asia Pacific			—				0.0	%			152				0.7	%			—				0.0	%			239				0.4	%
South America			—				0.0	%			60				0.8	%			—				0.0	%			(113	)			(0.5	%)
Total executive recruitment			—				0.0	%			16				0.0	%			2,229				0.4	%			23,449				4.6	%
Futurestep			—				0.0	%			64				0.4	%			(99	)			(0.1	%)			(2,776	)			(4.1	%)
Corporate			—								—								—								—
Total restructuring charges (reductions), net		$	—				0.0	%		$	80				0.0	%		$	2,130				0.3	%		$	20,673				3.6	%
						Margin								Margin								Margin								Margin
Operating Income (Loss):
Executive recruitment:
North America		$	19,765				20.4	%		$	12,515				14.7	%		$	80,685				21.5	%		$	42,604				15.3	%
EMEA			5,131				12.2	%			3,378				9.3	%			11,628				7.5	%			(15,511	)			(11.3	%)
Asia Pacific			4,494				18.2	%			5,674				26.2	%			11,611				12.9	%			7,826				12.2	%
South America			1,339				16.0	%			1,587				20.8	%			7,475				23.4	%			3,286				13.7	%
Total executive recruitment			30,729				17.9	%			23,154				15.4	%			111,399				17.0	%			38,205				7.6	%
Futurestep			1,515				6.0	%			(1,066	)			(5.9	%)			4,955				5.5	%			1,291				1.9	%
Corporate (2)			(5,998	)							(8,459	)							(30,569	)							(42,218	)
Total operating income (loss)		$	26,246				13.3	%		$	13,629				8.1	%		$	85,785				11.5	%		$	(2,722	)			(0.5	%)

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

		As of April 30,
		2011				2010
ASSETS
Cash and cash equivalents		$	246,856			$	219,233
Marketable securities			20,868				4,114
Receivables due from clients, net of allowance for doubtful accounts of $9,977 and $5,983, respectively			128,859				107,215
Income taxes and other receivables			5,138				6,292
Deferred income taxes			10,214				20,844
Prepaid expenses and other assets			29,662				23,166
Total current assets			441,597				380,864
Marketable securities, non-current			101,363				73,105
Property and equipment, net			43,142				24,963
Cash surrender value of company owned life insurance policies, net of loans			70,987				69,069
Deferred income taxes			64,418				59,742
Goodwill			183,952				172,273
Intangible assets, net			22,289				25,425
Investments and other assets			43,932				21,657
Total assets		$	971,680			$	827,098
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable		$	12,504			$	11,148
Income taxes payable			4,674				6,323
Compensation and benefits payable			173,097				131,550
Other accrued liabilities			43,591				49,062
Total current liabilities			233,866				198,083
Deferred compensation and other retirement plans			139,558				123,794
Other liabilities			19,919				13,879
Total liabilities			393,343				335,756
Stockholders’ equity
Common stock: $0.01 par value, 150,000 shares authorized, 59,101 and 57,614 shares issued and 47,003 and 45,979 shares outstanding, respectively			404,703				388,717
Retained earnings			148,494				90,220
Accumulated other comprehensive income, net			25,660				12,934
Stockholders’ equity			578,857				491,871
Less: notes receivable from stockholders			(520	)			(529	)
Total stockholders’ equity			578,337				491,342
Total liabilities and stockholders’ equity		$	971,680			$	827,098

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

		Three Months Ended
		April 30, 2011												April 30, 2010
		As Reported				Adjustments				As Adjusted				As Reported				Adjustments				As Adjusted
Fee revenue		$	197,298							$	197,298			$	168,690							$	168,690
Reimbursed out-of-pocket engagement expenses			8,478								8,478				8,215								8,215
Total revenue			205,776								205,776				176,905								176,905
Compensation and benefits			133,554								133,554				118,225								118,225
General and administrative expenses			28,982								28,982				28,427								28,427
Out-of-pocket engagement expenses			13,674								13,674				13,495								13,495
Depreciation and amortization			3,320								3,320				3,049								3,049
Restructuring charges (reductions), net			—				—				—				80				(80	)			—
Total operating expenses			179,530				—				179,530				163,276				(80	)			163,196
Operating income			26,246				—				26,246				13,629				80				13,709
Interest and other income, net			3,024								3,024				2,080								2,080
Income before provision for income taxes and equity in earnings (loss) of unconsolidated subsidiaries			29,270				—				29,270				15,709				80				15,789
Income tax provision (1) (2)			9,285				2,131				11,416				6,245				32				6,277
Equity in earnings (loss) of unconsolidated subsidiaries, net			354								354				(548	)							(548	)
Net income		$	20,339			$	(2,131	)		$	18,208			$	8,916			$	48			$	8,964
Earnings per common share:
Basic		$	0.45							$	0.40			$	0.20							$	0.20
Diluted		$	0.43							$	0.39			$	0.19							$	0.19
Weighted-average common shares outstanding:
Basic			45,700								45,700				44,783								44,783
Diluted			47,165								47,165				46,220								46,220

Explanation of Non-GAAP Adjustments

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

		Year Ended
		April 30, 2011												April 30, 2010
		As Reported				Adjustments				As Adjusted				As Reported				Adjustments				As Adjusted
Fee revenue		$	744,249							$	744,249			$	572,380							$	572,380
Reimbursed out-of-pocket engagement expenses			32,002								32,002				27,269								27,269
Total revenue			776,251								776,251				599,649								599,649
Compensation and benefits			507,405								507,405				413,340								413,340
General and administrative expenses			116,494								116,494				115,280								115,280
Out-of-pocket engagement expenses			51,766								51,766				41,585								41,585
Depreciation and amortization			12,671								12,671				11,493								11,493
Restructuring charges (reductions), net			2,130				(2,130	)			—				20,673				(20,673	)			—
Total operating expenses			690,466				(2,130	)			688,336				602,371				(20,673	)			581,698
Operating income (loss)			85,785				2,130				87,915				(2,722	)			20,673				17,951
Interest and other income, net			3,919								3,919				7,444								7,444
Income before provision (benefit) for income taxes and equity in earnings of unconsolidated subsidiaries			89,704				2,130				91,834				4,722				20,673				25,395
Income tax provision (benefit) (1) (2) (3)			32,692				2,952				35,644				(485	)			10,172				9,687
Equity in earnings of unconsolidated subsidiaries, net			1,862								1,862				91								91
Net income		$	58,874			$	(822	)		$	58,052			$	5,298			$	10,501			$	15,799
Earnings per common share:
Basic		$	1.30							$	1.28			$	0.12							$	0.36
Diluted		$	1.27							$	1.25			$	0.12							$	0.35
Weighted-average common shares outstanding:
Basic			45,205								45,205				44,413								44,413
Diluted			46,280								46,280				45,457								45,457

Explanation of Non-GAAP Adjustments