Korn Ferry Reports Q1 Fiscal 2027 Results with Revenue Growth and Acquisition of AMS
Korn Ferry (NYSE: KFY) reported first-quarter results for fiscal year 2027, showing a 7% increase in fee revenue to $756.5 million compared to the same period last year. The growth was driven by its Workforce Solutions and Search segments, which saw increases of 11% and 10%, respectively. Adjusted diluted earnings per share rose 9% to $1.43. The company completed a significant acquisition on September 1 for approximately $1.2 billion, acquiring AMS—a recruitment process outsourcing firm—to strengthen its position in talent consulting. However, concerns emerged as APAC revenue grew only 1%, and the management’s guidance fell below analyst expectations, causing shares to decline premarket. Despite strong performance across most regions and segments, Korn Ferry faces challenges including thin profitability margins (9.1%) and a subdued outlook for the next quarter. Institutional interest in the stock has increased slightly according to hedge fund data.
Tickers: $KFY