Korn Ferry (NYSE:KFY) Q4 2020 Earnings Conference Call - Final Transcript

Jul 02, 2020 • 12:00 pm ET


Korn Ferry (NYSE:KFY) Q4 2020 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by, and welcome to the Korn Ferry Fourth Quarter Fiscal Year 2020 Conference Call. [Operator Instructions] 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 your host, Mr. Gary Burnison, let me first read a continuation statement to our investors. Certain statements made in this call today, such as those relating to future performances, 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. Additionally, information concerning such risks and uncertainties can be found in the release relating to this presentation and in the periodic and other reports filed by the company with the SEC, including the company's quarterly report for the quarter ended January 31, 2020, the company's current report on Form 8-K filed on May 11, 2020 and the company's soon to be filed annual report for fiscal year 2020.

Also some of the comments today may reference non-GAAP financial measures such as constant currency amounts, EBITDA and adjusted EBITDA. Additionally, information concerning these measures, including reconciliations to most directly comparable GAAP financial measure is contained in the financial presentation and earnings release relating 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.

Gary D. Burnison

Okay. Thank you, Amy, and good afternoon everybody, and thanks for joining us. The last several months are unlike anything most of us have experienced in our life times. With long overdue calls for social equality, persistent global pandemic and recovery curves, the only certainty today is uncertainty. But amid all this change, we'd be remiss not to recognize all the heroes. It's been truly uplifting to see the humanity around us, our healthcare workers and other first responders and all of those who are committed to making our world a safer, better and more equal plains. I've never been more proud of our firm and how we've responded during these times.

At the beginning of this pandemic, we adopted a framework of safety, caution and agility to navigate the crisis. That included mobilizing almost all of our global colleagues to a work from home environment in really the course of days. And we sized our business to the current reality while preserving tremendous muscle, which we believe will allow us to accelerate through the term.

We took a strong voice in the world, hosting multiple COVID-19 webinars, which were attended by