| 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
|
|
|