Korn Ferry (NYSE:KFY) Q4 2019 Earnings Conference Call Transcript
Jun 20, 2019 • 04:30 pm ET
Ladies and gentlemen, thank you for standing by, and welcome to the Korn Ferry Fourth Quarter Fiscal Year 2019 Conference Call. At this time, all participants are in a listen-only mode. Following the prepared remarks, we will conduct a question-and-answer session. And, as a reminder, this conference call is being recorded for replay purposes. We have also made available, in the Investor Relations section of our website at kornferry.com, a copy of the financial presentation that we will be reviewing with you today.
Before I turn the call over to our host, Mr. Gary Burnison, let me first read a cautionary statement to investors. Certain statements made in the call today, such as those relating to future performance, plans and goals constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although the company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, investors are cautioned not to place undue reliance on such statements. Actual results in future periods may differ materially from those currently expected or desired, because of a number of risks and uncertainties which are beyond the company's control. Additional information concerning such risks and uncertainties can be found in the release relating to this presentation and in the periodic reports filed by the company with the SEC, including the company's quarterly report for quarter ended January 31, 2019 and the company's soon to be filed annual report for fiscal year 2019.
Also, some of the comments today may reference such non-GAAP financial measures such as constant currency amounts, EBITDA and adjusted EBITDA. Additional information concerning these measures, including reconciliations to the most directly comparable GAAP financial measure, is contained in the financial presentation and earnings release related to this call, both of which are posted in the Investor Relations section of the company's website at www.kornferry.com.
With that, I will turn the call over to Mr. Burnison. Please go ahead, Mr. Burnison.
Okay. Thank you, everybody. Thanks for joining us. On April 30th, we finished another very good year. We hit the new milestones. The top line was up 12%, constant currency 9%. The actual adjusted EBITDA margin was 16%. We continue to grow our marquee account program, that now represents 20% of the portfolio. We return capital to shareholders. And, most importantly, we maintained our leading industry position in search.
RPO and Professional Search grew double digits for the fifth consecutive year. I mean that's pretty amazing, five consecutive years double-digit. And Advisory grew at 8% constant currency.
We had a very good fourth quarter. RPO is up 25% constant currency, Advisory was up 5%; overall, as a company, we were up 8%, top line was up 8% constant currency. Profitability was strong. EPS $0.88 and adjusted EBITDA margin of 16.7%.
And as I think about Korn Ferry today, I'm excited about what the future holds. I think, we're really just at the beginning. But I think we are the only organizational consultancy that helps companies look