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 2012

Results of Operations

Highlights

Los Angeles, CA, March 7, 2012—Korn/Ferry International (NYSE: KFY), a premier global provider of talent management solutions, announced Q3 FY’12 diluted earnings per share of $0.25 compared to diluted earnings per share of $0.30 in Q3 FY’11. Excluding net adjustments to previously recorded restructuring charges of $0.9 million, diluted earnings per share was $0.26 in Q3 FY’12.

“We had a solid seasonal quarter despite an uneven economic recovery,” said Gary Burnison, CEO of Korn/Ferry International.” As the recovery carries forward, we will continue to drive our differentiated strategy and solutions to help our clients not only attract, but engage, develop and retain the talent needed to effectively execute their business strategy.”

Financial Results

(dollars in millions, except per share amounts)

Fee revenue was $185.9 million in Q3 FY’12 compared to $186.5 million in Q3 FY’11, a decrease of $0.6 million. The decrease in fee revenue was driven by a 3% decrease in the overall number of engagements billed, which was offset by a 2% increase in the weighted-average fee billed per engagement compared to the year-ago fiscal quarter. Weighted-average fee billed is impacted by the mix of engagements by segment, and fluctuating foreign currencies. On a constant currency basis, fee revenue decreased $1.1 million, or 1%.

Compensation and benefit expenses were $125.7 million in Q3 FY’12, a decrease of $0.4 million, compared to $126.1 million in Q3 FY’11. The decrease is attributable mainly to a reduction in the variable component of compensation, partially offset by an increase in other components of compensation expense. On a constant currency basis, compensation and benefits decreased $1.0 million, or 1%.

General and administrative expenses were $35.2 million in Q3 FY’12, an increase of $3.7 million from $31.5 million in Q3 FY’11. This increase is largely attributable to an increase in legal and other professional fees, and to a lesser extent, an increase in premise and office expenses offset by a decrease in travel and meeting expenses. On a constant currency basis, general and administrative expenses increased $3.5 million, or 11%.

Operating income was $16.2 million in Q3 FY’12 compared to operating income of $20.5 million in Q3 FY’11, a decrease of $4.3 million, or 21%. Excluding restructuring charges of $0.9 million in Q3 FY’12, operating income was $17.1 million, a decrease of $3.4 million, or 17%.

Balance Sheet and Liquidity

Cash and marketable securities were $352.4 million at January 31, 2012 compared to $369.1 million at April 30, 2011. Cash and marketable securities include $80.5 million and $71.4 million held in trust for deferred compensation plans at January 31, 2012 and April 30, 2011, respectively. Cash and marketable securities decreased by $16.7 million from April 30, 2011, mainly due to payment of FY’11 annual bonuses paid in Q1 FY’12, partially offset by cash provided by operating activities.

Results by Segment

Selected Executive Recruitment Data

(dollars in millions)

Fee revenue was $160.1 million in Q3 FY’12, a decrease of $3.0 million, or 2%, when compared to fee revenue of $163.1 million in Q3 FY’11. Fee revenue decreased primarily due to a 3% decrease in the number of executive recruitment engagements billed, which was partially offset by a 1% increase in the weighted-average fee per engagement billed when compared to Q3 FY’11. Weighted-average fee billed is impacted by the mix of engagements by region and fluctuating foreign currencies. The decrease in fee revenue was due to a decrease in fee revenue in the North American region partially offset by an increase in fee revenue in all other regions. On a constant currency basis, fee revenue decreased $3.3 million, or 2%.

Operating income was $28.1 million in Q3 FY’12 compared to operating income of $29.1 million in Q3 FY’11, a decrease of $1.0 million. This decrease is primarily attributed to the $3.0 million decrease in fee revenue and $0.8 million in restructuring charges, which was partially offset by a $2.2 million decrease in compensation and benefits expense in Q3 FY’12 as compared to Q3 FY’11. The decrease in compensation and benefits expense primarily resulted from a decrease in the variable component of compensation when compared to prior year, which was partially offset by an increase in other components of compensation expense.

The total number of consultants at January 31, 2012 and 2011 was 441 and 474, respectively.

Selected Futurestep Data

(dollars in millions)

Fee revenue was $25.8 million in Q3 FY’12, an increase of $2.4 million, or 10%, from $23.4 million in Q3 FY’11. The improvement in fee revenue was driven by a 12% increase in the weighted-average fee billed per engagement, which was driven by growth in recruitment process outsourcing engagements, which have higher average fees per engagement and partially offset by a 2% decrease in the number of engagements billed. On a constant currency basis, fee revenue increased $2.2 million, or 9%.

Operating income was $0.9 million in Q3 FY’12 compared to operating income of $1.3 million in Q3 FY’11, a decrease of $0.4 million, primarily due to a decrease in operating income in the European region, partially offset by an increase in operating income in the other Futurestep regions. This decrease is primarily attributed to a $2.0 million increase in compensation and benefits expenses and a $0.8 million increase in general and administrative expenses, which was partially offset by a $2.4 million increase in fee revenue in Q3 FY’12 as compared to Q3 FY’11. The increase in compensation and benefits expense was attributable to a 38% increase in average headcount when compared to the year-ago fiscal quarter while the increase in general and administrative expense was due to an increase in premise and office expenses and an increase in marketing expense.

Outlook

Given the uncertainty caused by the global economy and financial markets, it is particularly challenging to accurately forecast business results. However, assuming economic conditions, financial markets and foreign exchange rates do remain steady; Q4 FY’12 fee revenue is likely to be in the range of $182 million to $196 million and adjusted diluted earnings per share is likely to be in the range of $0.24 to $ 0.30, excluding $0.03 to $0.04 of estimated non-recurring compensation costs or $0.21 to $0.27 as measured by generally accepted accounting principles.

Earnings Conference Call Webcast

The earnings conference call will be held today at 5:00 PM (EST) and hosted by CEO Gary Burnison, CFO Robert Rozek 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”). In particular, it includes:

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 they are 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. In the case of constant currency amounts, management believes the presentation of such amount provides meaningful supplemental information regarding Korn/Ferry's performance as excluding the impact of exchange rate changes on Korn/Ferry's financial performance allows investors to make more meaningful period-to-period comparisons of the Company’s operating results, to better identify operating trends that may otherwise be masked or distorted by exchange rate changes and to perform related trend analysis, and provides a higher degree of transparency of 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)

KORN/FERRY INTERNATIONAL AND SUBSIDIARIES

FINANCIAL SUMMARY BY SEGMENT

(in thousands)

(unaudited)

KORN/FERRY INTERNATIONAL AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(in thousands, except per share amounts)

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)