Korn Ferry FY 3Q16 Earnings Call Notes

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Gary Burnison

A little concerned about financial services vertical

“Look, I think there is some concern about financial services. When we look year-over-year there’s growth in the business for us that was driven by asset management, wealth management, private equity. But, yes, we certainly are hearing some concern. The flipside of that will be the energy market which has been decimated. That will be probably be poised to turn around here. It may not be this quarter, but it will happen at some point.”

February was very, very strong

“I would say February looked very good in North America. I mean, it looked very, very strong, whether it’s the Futurestep business or our Executive Search business. Asia has obviously been challenged for sure. You can see that in the numbers. Europe was in line with my expectations. So, very positive in North America. South America, very challenged, obviously. Europe was good. Asia, challenged.”

The CEO lives at the intersection of strategy and talent

“it’s hard to believe I’m really saying this, but this is a multi billion-dollar opportunity. This intersection of business strategy and talent is what a CEO lives and breathes every day. So, this is an organization that creates real impact for our clients. “