Job Slowdown? Headhunters Are On A Roll, Revenue For Executive Searches Is Up
Portfolio Pulse from Natan Ponieman
Korn Ferry (NYSE:KFY) reported a 6% increase in revenue from its executive search arm in North America, despite a general slowdown in hiring. This growth is driven by a surge in executive-level job searches due to a high number of retirements. Korn Ferry's overall sales beat analyst estimates, highlighting its strong performance amid broader economic challenges.
September 09, 2024 | 8:40 pm
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Korn Ferry reported a 6% increase in revenue from its executive search segment in North America, driven by a surge in executive-level job searches due to retirements. The company beat analyst sales estimates, indicating strong performance.
Korn Ferry's revenue growth in executive searches, driven by demographic trends, suggests strong demand for its services. Beating sales estimates further indicates positive market reception, likely boosting short-term stock performance.
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