Quarterly report pursuant to Section 13 or 15(d)

Segments (Tables)

v3.23.2
Segments (Tables)
3 Months Ended
Jul. 31, 2023
Segment Reporting [Abstract]  
Financial Highlights
Financial highlights are as follows:
Three Months Ended July 31,
2023 2022
Consolidated
(in thousands)
Fee revenue $ 699,189  $ 695,903 
Total revenue $ 706,262  $ 703,148 
   
Net income attributable to Korn Ferry $ 46,605  $ 77,247 
Net income attributable to noncontrolling interest 580  1,289 
Other income, net (13,577) (775)
Interest expense, net 4,740  7,612 
Income tax provision 18,420  26,226 
Operating income 56,768  111,599 
Depreciation and amortization 19,012  16,229 
Other income, net 13,577  775 
Integration/acquisition costs 4,128  3,605 
Impairment of fixed assets 123  — 
Impairment of right-of-use assets 1,629  — 
Restructuring charges, net 421  — 
Adjusted EBITDA(1)
$ 95,658  $ 132,208 
___________________
(1)
Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization, further excludes integration/acquisition costs, impairment of fixed assets, impairment of right-of-use assets, and restructuring charges, net when applicable.
Financial Highlights by Operating Segment
Financial highlights by reportable segments are as follows:
Three Months Ended July 31,
2023 2022
Fee revenue Total revenue Adjusted EBITDA Fee revenue Total revenue Adjusted EBITDA
(in thousands)
Consulting $ 168,088  $ 170,793  $ 25,180  $ 166,484  $ 168,735  $ 29,550 
Digital 87,986  88,012  24,325  83,761  83,815  24,178 
Executive Search:            
North America 127,498  129,413  28,756  151,544  152,884  43,749 
EMEA 46,776  47,135  5,638  47,056  47,329  8,515 
Asia Pacific 24,539  24,610  6,315  26,381  26,452  7,351 
Latin America 6,421  6,422  1,741  7,808  7,809  2,617 
Professional Search & Interim 142,179  143,069  24,329  98,947  100,052  29,161 
RPO 95,702  96,808  10,471  113,922  116,072  17,709 
Corporate —  —  (31,097) —  —  (30,622)
Consolidated $ 699,189  $ 706,262  $ 95,658  $ 695,903  $ 703,148  $ 132,208