Three Months Ended July 31, 2021

Executive Search

Consulting

Digital

North

America

EMEA

Asia Pacific

Latin

America

Subtotal

RPO &

Professional

Search

Corporate

Consolidated

(in thousands)

Fee revenue

$

148,478

$

80,671

$

138,678

$

42,747

$

28,703

$

6,776

$

216,904

$

139,342

$

—

$

585,395

Total revenue

$

149,007

$

80,681

$

139,300

$

42,843

$

28,732

$

6,779

$

217,654

$

140,756

$

—

$

588,098

Net income attributable to Korn Ferry

$

74,823

Net income attributable to noncontrolling interest

1,574

Other income, net

(4,447

)

Interest expense, net

5,426

Income tax provision

23,879

Operating income

$

101,255

Depreciation and amortization

15,644

Other income, net

4,447

Adjusted EBITDA⁽¹⁾

$

26,841

$

25,632

$

43,330

$

7,585

$

8,320

$

2,354

$

61,589

$

33,967

$

(26,683

)

$

121,346

⁽¹⁾

Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization.

Three Months Ended July 31, 2020

Executive Search

Consulting

Digital

North

America

EMEA

Asia Pacific

Latin

America

Subtotal

RPO &

Professional

Search

Corporate

Consolidated

(in thousands)

Fee revenue

$

99,318

$

55,973

$

69,315

$

30,081

$

17,252

$

3,495

$

120,143

$

68,663

$

—

$

344,097

Total revenue

$

99,590

$

56,022

$

69,856

$

30,195

$

17,340

$

3,495

$

120,886

$

70,385

$

—

$

346,883

Net loss attributable to Korn Ferry

$

(30,833

)

Net loss attributable to noncontrolling interest

(22

)

Other income, net

(11,162

)

Interest expense, net

6,894

Income tax benefit

(8,672

)

Operating loss

$

(43,795

)

Depreciation and amortization

15,035

Other income, net

11,162

Integration/acquisition costs

737

Restructuring charges, net

27,487

Adjusted EBITDA⁽¹⁾

$

6,604

$

7,943

$

5,312

$

1,710

$

1,594

$

(562

)

$

8,054

$

6,024

$

(17,999

)

$

10,626

⁽¹⁾

Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization and further excludes integration/acquisition and net restructuring charges.