Quarterly report pursuant to Section 13 or 15(d)

Segments (Tables)

v3.22.2.2
Segments (Tables)
3 Months Ended
Jul. 31, 2022
Segment Reporting [Abstract]  
Financial Highlights by Operating Segment

Financial highlights are as follows:

 

Three Months Ended July 31,

 

 

2022

 

 

2021

 

 

Consolidated

 

 

(in thousands)

 

Fee revenue

$

695,903

 

 

$

585,395

 

Total revenue

$

703,148

 

 

$

588,098

 

 

 

 

 

 

 

 

 

Net income attributable to Korn Ferry

$

77,247

 

 

$

74,823

 

Net income attributable to noncontrolling interest

 

1,289

 

 

 

1,574

 

Other income, net

 

(775

)

 

 

(4,447

)

Interest expense, net

 

7,612

 

 

 

5,426

 

Income tax provision

 

26,226

 

 

 

23,879

 

Operating income

 

111,599

 

 

 

101,255

 

Depreciation and amortization

 

16,229

 

 

 

15,644

 

Other income, net

 

775

 

 

 

4,447

 

Integration/acquisition costs

 

3,605

 

 

 

 

Adjusted EBITDA(1)

$

132,208

 

 

$

121,346

 

 

(1)

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

Financial highlights by reportable segments are as follows:

 

Three Months Ended July 31,

 

 

2022

 

 

2021

 

 

Fee revenue

 

Total revenue

 

Adjusted EBITDA

 

 

Fee revenue

 

Total revenue

 

Adjusted EBITDA

 

 

(in thousands)

 

Consulting

$

166,484

 

$

168,735

 

$

29,550

 

 

$

148,478

 

$

149,007

 

$

26,841

 

Digital

 

83,761

 

 

83,815

 

 

24,178

 

 

 

80,671

 

 

80,681

 

 

25,632

 

Executive Search:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

151,544

 

 

152,884

 

 

43,749

 

 

 

138,678

 

 

139,300

 

 

43,330

 

EMEA

 

47,056

 

 

47,329

 

 

8,515

 

 

 

42,747

 

 

42,843

 

 

7,585

 

Asia Pacific

 

26,381

 

 

26,452

 

 

7,351

 

 

 

28,703

 

 

28,732

 

 

8,320

 

Latin America

 

7,808

 

 

7,809

 

 

2,617

 

 

 

6,776

 

 

6,779

 

 

2,354

 

Professional Search & Interim

 

98,947

 

 

100,052

 

 

29,161

 

 

 

51,837

 

 

51,932

 

 

19,439

 

RPO

 

113,922

 

 

116,072

 

 

17,709

 

 

 

87,505

 

 

88,824

 

 

14,528

 

Corporate

 

 

 

 

 

(30,622

)

 

 

 

 

 

 

(26,683

)

Consolidated

$

695,903

 

$

703,148

 

$

132,208

 

 

$

585,395

 

$

588,098

 

$

121,346