Segments (Tables)

6 Months Ended

Oct. 31, 2023

Financial highlights are as follows:


	Three Months Ended October 31,				Six Months Ended October 31,
	2023		2022		2023		2022

	Consolidated
	(in thousands)
Fee revenue	$	704,003	$	727,849	$	1,403,192	$	1,423,752
Total revenue	$	712,447	$	735,719	$	1,418,709	$	1,438,867

Net (loss) income attributable to Korn Ferry	$	(1,711)	$	73,541	$	44,894	$	150,788
Net income attributable to noncontrolling interest	1,755		1,074		2,335		2,363
Other loss, net	13,835		9,048		258		8,273
Interest expense, net	6,596		7,098		11,336		14,710
Income tax provision	2,341		28,886		20,761		55,112
Operating income	22,816		119,647		79,584		231,246
Depreciation and amortization	19,554		17,093		38,566		33,322
Other loss, net	(13,835)		(9,048)		(258)		(8,273)
Integration/acquisition costs	5,030		3,411		9,158		7,016
Impairment of fixed assets	1,452		—		1,575		—
Impairment of right-of-use assets	—		—		1,629		—
Restructuring charges, net	63,525		—		63,946		—
Adjusted EBITDA (1)	$	98,542	$	131,103	$	194,200	$	263,311

___________________


(1)			Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization, and further excludes integration/acquisition costs, impairment of fixed assets, impairment of right-of-use assets, and restructuring charges, net.

Financial highlights by reportable segments are as follows:


	Three Months Ended October 31,
	2023						2022
	Fee revenue		Total revenue		Adjusted EBITDA		Fee revenue		Total revenue		Adjusted EBITDA

	(in thousands)
Consulting	$	177,795	$	180,953	$	28,928	$	173,092	$	175,845	$	31,089
Digital	97,092		97,157		28,983		94,329		94,577		27,524
Executive Search:
North America	132,512		133,933		29,436		142,485		144,147		37,969
EMEA	43,098		43,315		5,619		44,645		44,919		8,081
Asia Pacific	19,304		19,460		3,875		23,408		23,523		5,834
Latin America	8,079		8,085		805		7,821		7,822		2,607
Professional Search & Interim	138,384		139,455		25,622		134,743		135,762		32,457
RPO	87,739		90,089		8,855		107,326		109,124		16,004
Corporate	—		—		(33,581)		—		—		(30,462)
Consolidated	$	704,003	$	712,447	$	98,542	$	727,849	$	735,719	$	131,103


	Six Months Ended October 31,
	2023						2022
	Fee revenue		Total revenue		Adjusted EBITDA		Fee revenue		Total revenue		Adjusted EBITDA

	(in thousands)
Consulting	$	345,883	$	351,746	$	54,108	$	339,576	$	344,580	$	60,639
Digital	185,078		185,169		53,308		178,090		178,392		51,702
Executive Search:
North America	260,010		263,346		58,192		294,029		297,031		81,718
EMEA	89,874		90,450		11,257		91,701		92,248		16,596
Asia Pacific	43,843		44,070		10,190		49,789		49,975		13,185
Latin America	14,500		14,507		2,546		15,629		15,631		5,224
Professional Search & Interim	280,563		282,524		49,951		233,690		235,814		61,618
RPO	183,441		186,897		19,326		221,248		225,196		33,713
Corporate	—		—		(64,678)		—		—		(61,084)
Consolidated	$	1,403,192	$	1,418,709	$	194,200	$	1,423,752	$	1,438,867	$	263,311