Korn Ferry Reports Q1 2027 Earnings with Revenue Growth
Korn Ferry (KFY) reported strong financial results for the first quarter of 2027, including a 7% year-over-year increase in fee revenue to $756.5 million and adjusted diluted earnings per share rising by 9%. The growth was driven primarily by double-digit increases in search and workforce solutions. Adjusted EBITDA also rose by 7%, reaching $128.2 million, while backlog increased by 14% year over year to $1.92 billion. The company's regional performance showed strength across the Americas with a 9% increase in fee revenue, and modest growth in both EMEA (up 4%) and APAC (up 1%). Korn Ferry also announced Q2 guidance for fee revenue between $860 million to $878 million, incorporating contributions from its recent acquisition of AMS. The company expects the integration of this new business will contribute an incremental $40 million in run rate EBITDA within a year. Management highlighted strategic initiatives such as internal referrals and client-centric go-to-market strategies contributing significantly to growth. However, macroeconomic challenges were noted by CEO Gary D. Burnison, who mentioned concerns about raising rates due to economic conditions.
Tickers: $KFY
Topics: adjusted_ebitda backlog eps fee_revenue revenue