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Citation Details
Title: Executive recruitment firm worked up over strong quarter: Korn/Ferry posted 11 percent spike in fee revenue to $206 million.(STAFFING)
Author: Allen P., Jr. Roberts
Publication: Los Angeles Business Journal (Magazine/Journal)
Date: September 15, 2008
Publisher: CBJ, L.P.
Volume: 30 Issue: 37 Page: 5(1)
Distributed by Gale, a part of Cengage Learning
Excerpt. © Reprinted by permission. All rights reserved.
It looks like there's still room at the top in the C-Suite recruiting sector.
Los Angeles executive recruitment firm Korn/Ferry International last week posted first quarter earnings that serve as a counterpoint to recent dismal job statistics.
And there may be room at the middle, too: Korn/Ferry's mid-level executive outsourcing division is seen as poised to become a growth engine.
The recruitment firm, which is still focused mostly on executives at the CFO and CEO level, posted an 11 percent hike in fee revenue for the quarter to $206 million. That represents most of the company's sales, with the rest coming from training and other programs. Total revenue was $218 million.
