Korn Ferry Quarterly report pursuant to Section 13 or 15(d)

Segments (Tables)

3 Months Ended

Jul. 31, 2023

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 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