Staffing and executive recruitment giant Korn/Ferry International (KFY) reported a 5.8% rise in revenue, to $152.9 million for its fiscal third quarter, thanks to improved business.
Korn/Ferry posted profits of $7.9 million, or 17 cents per share, compared with losses in the year prior of $22.4 million, or 52 cents per share. Fee revenue for the company’s placement services rose 7.7%, marking the third consecutive month the company has made gains in that department.
Meanwhile, the number of searches opened rose 29%.
The staffing firm has projected fourth-quarter earnings of 10 cents to 16 cents per share, compared with the Thomson Reuters analyst forecast of 11 cents.
