Exhibit 99.1

For Immediate Release

Contacts:
Investor Relations: Stephen Giusto, (310) 843-4144
Gregg Kvochak, (310) 556-8550
For Media: Stephanie Mitchell, (650) 508-7465

Korn/Ferry International Announces Fiscal 2008 Results:
The Highest Revenue and Earnings in the Company’s Thirty-Eight Year History

Highlights

	•		Fourth quarter fiscal 2008 fee revenue was a record $208.2 million, an increase of $28.5 million, or 16%, from $179.7 million in the same quarter last year.
	•		Fourth quarter fiscal 2008 diluted earnings per share was $0.36 compared to $0.30 in Q4’07. Adjusted diluted earnings per share in Q4’07, which excludes the impact of previously announced one-time charges in Q4’07, was $0.36.

Los Angeles, CA, June 11, 2008 - Korn/Ferry International (NYSE:KFY), a premier global provider of talent management solutions, announced fourth quarter fiscal 2008 diluted earnings per share of $0.36 compared to $0.30 in Q4’07. Excluding the impact of previously announced one-time charges in Q4’07, diluted earnings per share was $0.36.

“Fiscal 2008 produced the most revenue and earnings in Korn/Ferry’s 38 year history,” said Gary D. Burnison, Chief Executive Officer, Korn/Ferry. “Given the economically challenging environment which began with the credit crisis in the United States last summer, we are proud of our results. It is clear that we are making great progress in building a diversified talent management solutions organization. Moving forward, we will continue to manage the business in balance with the macroeconomic environment and with a focused eye toward long-term transformation of the industry and our firm.”

Financial Results

(dollars in millions, except per share amounts)

		Fourth Quarter								Year Ended
		Q4’08				Q4’07				2008				2007
Fee Revenue		$	208.2			$	179.7			$	790.6			$	653.4
Revenue		$	220.5			$	189.8			$	835.6			$	689.2
Operating Income		$	20.2			$	19.4			$	91.9			$	82.3
Operating Margin			9.7	%			10.8	%			11.6	%			12.6	%
Net Income		$	15.7			$	13.5			$	66.2			$	55.5
Diluted Earnings Per Share		$	0.36			$	0.30			$	1.46			$	1.24
Reconciliation of GAAP Net Income to Adjusted Results*
Net Income, GAAP		$	15.7			$	13.5			$	66.2			$	55.5
Reconciling Income Items, Net of Taxes:
Employment Contract Changes			—			$	3.3				—			$	3.3
Reversal of Lease Reserve			—				($0.4	)			—				($0.4	)
Adjusted Results:
Net Income		$	15.7			$	16.4			$	66.2			$	58.4
Operating Margin			9.7	%			13.3	%			11.6	%			13.3	%
Diluted Earnings Per Share		$	0.36			$	0.36			$	1.46			$	1.30

Fee revenue of $208.2 million in Q4’08 increased $28.5 million, or 16%, from $179.7 million in Q4’07. Fee revenue improved globally due to an increase in revenue from all segments of the business resulting from an increase in the number of search engagements opened as well as a 7% increase in the average fee billed per executive search engagement compared to the prior year. Exchange rates impacted fee revenue in Q4’08 favorably by $11.3 million compared to Q4’07 and excluding this favorable impact revenues increased 10% over the prior year’s fourth quarter.

Compensation and benefits, excluding the $6.8 million unfavorable impact of exchanges rates, were $141.3 million in Q4‘08, an increase of $17.7 million, or 14%, compared to $123.6 million in Q4’07 which excludes a $5.2 million charge for executive employment contract changes. The increase is primarily attributable to productivity based compensation and, to a lesser extent, higher headcount in all segments of the Company. Actual compensation and benefits

for Q4’08 was $148.1 million compared to $128.8 million in Q4’07, an increase of 15%.

General and administrative expenses, excluding the $2.4 million unfavorable impact of exchange rates, were $31.0 million in Q4’08 and increased by $5.1 million, or 20%, from $25.9 million in Q4’07. The increase is primarily attributable to costs associated with business growth such as rent and utilities, higher bad debt provisions in line with increased accounts receivable balances, advertising and promotion costs to elevate our market-leading brand. Actual general and administrative expenses were $33.4 million in Q4’08 compared to $25.9 million in Q4’07 resulting in a 29% increase.

Operating income was $20.2 million in Q4’08 compared to $19.4 million in Q4’07 resulting in an increase of $0.8 million or 4% over Q4’07. The Company’s results in the quarter include a modest amount of severence and related costs aimed at maintaining our record consultant productivity in the face of an uncertain macroeconomic environment.

Balance Sheet and Liquidity

Cash, cash equivalents and marketable securities were $389.3 million at April 30, 2008 compared to $324.3 million at April 30, 2007. The increase was due primarily to improved operating cash flows.

Through April 30, 2008, the Company has used $6.5 million of the $50 million of share repurchase funds authorized in November 2007 to buy back approximately 0.4 million shares. Under this program, shares may be repurchased from time to time in open market transactions or privately negotiated transactions at the Company’s discretion, subject to market conditions and other factors.

Interest expense was $1.1 million in Q4’08 compared to $2.5 million in the same period last year. Interest expense in both years related primarily to borrowings under Korn/Ferry’s convertible securities and COLI policies. The decrease in interest expense is primarily due to the conversion of the Company’s convertible preferred stock and subordinates notes to common shares during Q4’07. At April 30, 2008, Korn/Ferry had no outstanding borrowings under its credit facility.

Results by Segment

Selected Executive Recruitment Data
(dollars in millions)

		Fourth Quarter								Year Ended
		Q4’08				Q4’07				2008				2007
Fee Revenue		$	177.5			$	157.1			$	679.4			$	567.6
Revenue		$	185.7			$	164.2			$	708.8			$	594.9
Operating Income		$	27.3			$	31.3			$	122.0			$	111.9
Operating Margin			15.4	%			19.9	%			18.0	%			19.7	%
Average number of consultants			516				488				515				474
Engagements (a)			1,794				1,797				7,276				6,894

Fee revenue was $177.5 million in Q4’08, an increase of $20.4 million, or 13%, from $157.1 million in Q4’07. Fee revenue improved in all regions due to an increase in the overall number of engagements billed and average fee per engagement. Exchange rates impacted fee revenue in Q4’08 favorably by $8.6 million compared to Q4’07.

Operating income was $27.3 million in Q4’08 compared to $31.3 million in Q4’07 resulting in a decrease of $4.0 million or 13% from the prior year.

The total number of consultants at April 30, 2008 was 514, an increase of 24 from April 30, 2007.

Selected Futurestep Data
(dollars in millions)

		Fourth Quarter								Year Ended
		Q4’08				Q4’07				2008				2007
Fee Revenue		$	30.7			$	22.6			$	111.2			$	85.8
Revenue		$	34.7			$	25.5			$	126.9			$	94.3
Operating Income		$	2.9			$	2.7			$	8.5			$	7.9
Operating Margin			9.5	%			11.9	%			7.7	%			9.2	%

Fee revenue was $30.7 million in Q4’08, an increase of $8.1 million, or 36%, from $22.6 million in Q4’07. Improvements in fee revenue were driven by an increase in the average fee for engagements. Exchange rates impacted fee revenue in Q4’08 favorably by $2.6 million compared to Q4’07.

Operating income was $2.9 million in Q4’08 compared to $2.7 million in Q4’07.

Outlook

Assuming constant foreign exchange rates, Korn/Ferry estimates that first quarter fiscal 2009 fee revenue is likely to be in the range of $190 million to $200 million and diluted earnings per share is likely to be in the range of $0.28 to $0.32.

Earnings Conference Call Webcast

The earnings conference call will be held today at 9:00 AM (EDT) and hosted by Gary Burnison, Chief Executive Officer, and Stephen Giusto, Chief Financial Officer. 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 more than 80 offices in 39 countries, is a premier global provider of talent management solutions. Based in Los Angeles, the firm delivers an array of solutions that help clients to identify, deploy, develop, retain and reward their talent. For more information on the Korn/Ferry International family of companies, visit www.kornferry.com.

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 which 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, 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.

[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,
		2008				2007				2008				2007
		(unaudited)				(unaudited)
Fee revenue		$	208,204			$	179,702			$	790,570			$	653,422
Reimbursed out-of-pocket engagement expenses			12,246				10,058				45,072				35,779
Total revenue			220,450				189,760				835,642				689,201
Compensation and benefits			148,072				128,840				540,056				447,692
General and administrative expense			33,374				25,881				134,542				105,312
Out-of-pocket engagement expenses			16,086				13,622				58,750				44,662
Depreciation and amortization			2,740				2,066				10,441				9,280
Total operating expense			200,272				170,409				743,789				606,946
Operating income			20,178				19,351				91,853				82,255
Interest and other income, net			1,063				533				7,137				244
Income before provision for income taxes and equity in earnings of unconsolidated subsidiaries			21,241				19,884				98,990				82,499
Provision for income taxes			6,328				6,980				36,081				30,164
Equity in earnings of unconsolidated subsidiaries, net			833				635				3,302				3,163
Net income		$	15,746			$	13,539			$	66,211			$	55,498
Interest expense on convertible securities, net of taxes			36				509				145				2,863
Net income adjusted for computation of diluted EPS		$	15,782			$	14,048			$	66,356			$	58,361
Basic earnings per common share		$	0.36			$	0.33			$	1.50			$	1.40
Basic weighted average common shares outstanding			43,230				41,408				44,012				39,774
Diluted earnings per common share		$	0.36			$	0.30			$	1.46			$	1.24
Diluted weighted average common shares outstanding			44,333				47,252				45,528				46,938

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

		Three Months Ended																Year Ended
		April 30,																April 30,
		2008								2007								2008								2007
Fee Revenue:
Executive recruitment:
North America		$	97,903							$	91,398							$	374,891							$	329,065
EMEA			49,970								41,277								183,042								146,155
Asia Pacific			23,276								19,818								95,915								74,987
South America			6,372								4,649								25,556								17,426
Total executive recruitment			177,521								157,142								679,404								567,633
Futurestep			30,683								22,560								111,166								85,789
Total fee revenue			208,204								179,702								790,570								653,422
Reimbursed out-of-pocket engagement expenses			12,246								10,058								45,072								35,779
Total revenue		$	220,450							$	189,760							$	835,642							$	689,201
						Margin								Margin								Margin								Margin
Operating Income (Loss):
Executive recruitment:
North America		$	13,282				13.6	%		$	18,529				20.3	%		$	70,628				18.8	%		$	69,815				21.2	%
EMEA			8,949				17.9	%			6,775				16.4	%			29,820				16.3	%			24,166				16.5	%
Asia Pacific			4,704				20.2	%			5,401				27.3	%			19,299				20.1	%			16,010				21.4	%
South America			394				6.2	%			565				12.2	%			2,230				8.7	%			1,894				10.9	%
Total executive recruitment			27,329				15.4	%			31,270				19.9	%			121,977				18.0	%			111,885				19.7	%
Futurestep			2,903				9.5	%			2,713				12.0	%			8,545				7.7	%			7,854				9.2	%
Corporate			(10,054	)							(14,632	)							(38,669	)							(37,484	)
Total operating income		$	20,178				9.7	%		$	19,351				10.8	%		$	91,853				11.6	%		$	82,255				12.6	%

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

		As of April 30,
		2008				2007
ASSETS
Cash and cash equivalents		$	318,918			$	232,531
Marketable securities			49,869				91,736
Receivables due from clients, net of allowance for doubtful accounts of $11,504 and $9,822, respectively			119,952				107,751
Income taxes and other receivables			7,071				6,357
Deferred income taxes			10,401				9,524
Prepaid expenses			20,057				16,861
Total current assets			526,268				464,760
Marketable securities, non-current			20,475				—
Property and equipment, net			32,462				25,999
Cash surrender value of company owned life insurance policies, net of loans			81,377				76,478
Deferred income taxes			43,587				42,013
Goodwill			142,699				124,268
Intangible assets, net			15,519				18,040
Deferred financing costs and other assets			14,286				9,933
Total assets		$	876,673			$	761,491
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable		$	15,309			$	10,383
Income taxes payable			17,407				22,432
Compensation and benefits payable			199,081				158,145
Other accrued liabilities			37,120				38,529
Total current liabilities			268,917				229,489
Deferred compensation and other retirement plans			105,719				91,360
Other liabilities			5,903				7,687
Total liabilities			380,539				328,536
Shareholders’ equity
Common stock: $0.01 par value, 150,000 shares authorized, 54,786 and 53,323 shares issued and 46,412 and 47,174 shares outstanding, respectively			389,844				400,126
Retained earnings			95,014				32,344
Unearned restricted stock compensation			(31,276	)			(19,567	)
Accumulated other comprehensive income			43,097				20,605
Shareholders’ equity			496,679				433,508
Less: Notes receivable from shareholders			(545	)			(553	)
Total shareholders’ equity			496,134				432,955
Total liabilities and shareholders’ equity		$	876,673			$	761,491

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

		Three Months Ended
		April 30,
		2008 - As								2008 - As				2007 - As								2007 - As
		Reported				Adjustments				Adjusted				Reported				Adjustments				Adjusted
Fee revenue		$	208,204							$	208,204			$	179,702							$	179,702
Reimbursed out-of-pocket engagement expenses			12,246								12,246				10,058								10,058
Total revenue			220,450								220,450				189,760								189,760
Compensation and benefits (1)			148,072				—				148,072				128,840				(5,187	)			123,653
General and administrative expense (2)			33,374				—				33,374				25,881				606				26,487
Out-of-pocket engagement expenses			16,086								16,086				13,622								13,622
Depreciation and amortization			2,740								2,740				2,066								2,066
Total operating expense			200,272								200,272				170,409				(4,581	)			165,828
Operating income			20,178								20,178				19,351								23,932
Interest and other income, net			1,063								1,063				533								533
Income before provision for income taxes and equity in earnings of unconsolidated subsidiaries			21,241								21,241				19,884								24,465
Provision for income taxes (3)			6,328				—				6,328				6,980				1,672				8,652
Equity in earnings of unconsolidated subsidiaries, net			833								833				635								635
Net income		$	15,746							$	15,746			$	13,539							$	16,448
Interest expense on convertible securities, net of taxes			36								36				509								509
Net income adjusted for computation of diluted EPS		$	15,782							$	15,782			$	14,048							$	16,957
Basic earnings per common share		$	0.36							$	0.36			$	0.33							$	0.40
Basic weighted average common shares outstanding			43,230								43,230				41,408								41,408
Diluted earnings per common share		$	0.36							$	0.36			$	0.30							$	0.36
Diluted weighted average common shares outstanding			44,333								44,333				47,252								47,252

Explanation of Non-GAAP Adjustments
For the Three Months Ended April 30, 2008:
   No adjustments
For the Three Months Ended April 30, 2007:

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

		Year Ended
		April 30,
		2008 - As								2008 - As				2007 - As								2007 - As
		Reported				Adjustments				Adjusted				Reported				Adjustments				Adjusted
Fee revenue		$	790,570							$	790,570			$	653,422							$	653,422
Reimbursed out-of-pocket engagement expenses			45,072								45,072				35,779								35,779
Total revenue			835,642								835,642				689,201								689,201
Compensation and benefits (1)			540,056				—				540,056				447,692				(5,187	)			442,505
General and administrative expense (2)			134,542				—				134,542				105,312				606				105,918
Out-of-pocket engagement expenses			58,750								58,750				44,662								44,662
Depreciation and amortization			10,441								10,441				9,280								9,280
Total operating expense			743,789								743,789				606,946				(4,581	)			602,365
Operating income			91,853								91,853				82,255								86,836
Interest and other income, net			7,137								7,137				244								244
Income before provision for income taxes and equity in earnings of unconsolidated subsidiaries			98,990								98,990				82,499								87,080
Provision for income taxes (3)			36,081				—				36,081				30,164				1,672				31,836
Equity in earnings of unconsolidated subsidiaries, net			3,302								3,302				3,163								3,163
Net income		$	66,211							$	66,211			$	55,498							$	58,407
Interest expense on convertible securities, net of taxes			145								145				2,863								2,863
Net income adjusted for computation of diluted EPS		$	66,356							$	66,356			$	58,361							$	61,270
Basic earnings per common share		$	1.50							$	1.50			$	1.40							$	1.47
Basic weighted average common shares outstanding			44,012								44,012				39,774								39,774
Diluted earnings per common share		$	1.46							$	1.46			$	1.24							$	1.30
Diluted weighted average common shares outstanding			45,528								45,528				46,938								46,938

Explanation of Non-GAAP Adjustments
For the Year Ended April 30, 2008:
   No adjustments
For the Year Ended April 30, 2007: