Exhibit 99.1

For Immediate Release

Contacts: For investors:

Gary Burnison (310) 226-2613

For media:

Anneli Ballard (212) 984-9350

Korn/Ferry International announces a 17% increase in Fee

Revenue in the Fourth Quarter

Highlights

• Fourth quarter fiscal 2006 fee revenue of $145.3 million increased $21.3 million, or 17%, from $124.0 million in the same quarter last year. Fiscal 2006 fee revenue was $522.9 million, an increase of $70.7 million, or 16%, from $452.2 million in the prior year.

• Adjusted fourth quarter fiscal 2006 diluted earnings per share was $0.31, which excludes the effect of a previously announced $6.5 million one time tax benefit, an increase of 15% over Q4’05 diluted earnings per share of $0.27. Q4’06 actual diluted earnings per share was $0.45 compared to $0.27 in the prior year fourth quarter.

• Adjusted fiscal 2006 diluted earnings per share was $1.09 excluding the tax benefit of $6.5 million realized in Q4’06 and a $4.5 million loss recovery on an investment sold by the company realized in Q3’06. Actual fiscal 2006 diluted earnings per share was $1.32 compared to $0.90 in the prior year.

Los Angeles, CA, June 6, 2006 - Korn/Ferry International (NYSE:KFY), the leading provider of executive search, outsourced recruiting and leadership development solutions, announced fourth quarter fiscal 2006 diluted earnings per share of $0.45 compared to $0.27 in Q4’05. Diluted earnings per share was $0.31 in Q4’06 excluding the effect of a one-time tax benefit of $6.5 million related to an IRS audit settled in the quarter.

“As the demand for talent continues to escalate worldwide we have experienced steady and significant growth,” said Paul C. Reilly, Chairman and CEO of Korn/Ferry International. “Having just completed another record quarter and record year, it is evident that our strategy is working. We are encouraged by the further opportunity which lies ahead.”

Financial Results

(dollars in millions, except per share amounts)

	Fourth Quarter						Year to Date
	Q4’06			Q4’05			FY’06			FY’05
Fee Revenue	$	145.3		$	124.0		$	522.9		$	452.2
Revenue	$	152.9		$	131.0		$	551.8		$	476.4
Operating Income	$	20.6		$	18.6		$	76.2		$	65.8
Operating Margin		14.2	%		15.0	%		14.6	%		14.5	%
Net Income	$	20.3		$	11.7		$	59.4		$	38.6
Basic Earnings Per Share	$	0.51		$	0.30		$	1.49		$	1.00
Diluted Earnings Per Share	$	0.45		$	0.27		$	1.32		$	0.90
Adjusted Results*
Net Income	$	13.8		$	11.7		$	48.4		$	38.6
Basic Earnings Per Share	$	0.35		$	0.30		$	1.21		$	1.00
Diluted Earnings Per Share	$	0.31		$	0.27		$	1.09		$	0.90

* Adjusted results exclude net tax benefits of $6.5 million realized in Q4’06 and a $4.5 million loss recovery on an investment sold by the company realized in Q3’06. This is a non-GAAP measure that is provided for comparative purposes and is not intended to replace Net Income or EPS measured in accordance with U.S. Generally Accepted Accounting Principles.

Fee revenue of $145.3 million in Q4’06 increased $21.3 million, or 17%, from $124.0 million in Q4’05. Fee revenue improved globally due to a 20% increase in the number of search engagements opened compared to prior year. Exchange rates impacted fee revenue in Q4’06 unfavorably by $4.3 million compared to Q4’05.

Compensation and benefits of $95.1 million in Q4’06 increased $10.7 million, or 13%, compared to $84.4 million in Q4’05. The increase is a reflection of higher headcount in North America, Asia and Futurestep, as the Company continues to invest in its operations. Variable compensation also increased due to improved profitability.

General and administrative expense of $25.4 million in Q4’06 increased by $6.8 million, or 37%, from $18.6 million in Q4’05 as a result of increased other administrative expense as compared to the same period last year.

Operating income was $20.6 million in Q4’06, an improvement of $2.0 million, or 11%, compared to $18.6 million in Q4’05. Operating margin for the quarter decreased slightly to 14.2% from 15.0% in the prior year quarter, due primarily to increased compensation and benefits costs resulting from increased headcount, as well as internal consultant promotions. The Company continues to expand the business across industries worldwide along with recognizing employees who contribute to the Company’s overall growth.

The Company repurchased $18.6 million of stock during Q4’06 under the $50 million stock buyback program announced in December 2005. Through June 1, 2006, the Company has repurchased a total of $27.9 million of stock.

Balance Sheet and Liquidity

Cash, cash equivalents and marketable securities was $278.2 million at April 30, 2006 compared to $206.9 million at April 30, 2005. The increase in cash at April 30, 2006 was due to improved operating cash flow and financing activities.

Interest expense in Q4’06 was $2.7 million, compared to $2.4 million in the same period last year. Interest expense in both years primarily related to borrowings under Korn/Ferry’s convertible securities and COLI policies. At April 30, 2006, Korn/Ferry had no outstanding borrowings under its credit facility.

Results by Segment

Selected Executive Recruitment Data

(dollars in millions)

	Fourth Quarter						Year to Date
	Q4’06			Q4’05			FY’06			FY’05
Fee Revenue	$	126.7		$	109.1		$	452.7		$	398.3
Revenue	$	132.7		$	114.6		$	474.9		$	417.9
Operating Income	$	29.4		$	24.6		$	100.7		$	84.1
Operating Margin		23.2	%		22.5	%		22.2	%		21.1	%
Average Number of Consultants		438			394			419			388
Engagements (a)		1,750			1,536			6,291			5,710

(a) Represents new engagements opened in the respective period.

Fee revenue was $126.7 million in Q4’06, an increase of $17.6 million, or 16%, from $109.1 million in Q4’05. Fee revenue improved in all regions due to an increase in the number of engagements, as compared to the same quarter last year.

Executive recruitment operating income improved $4.8 million in Q4’06, or 20%, to $29.4 million compared to $24.6 million in Q4’05. Operating margin for the quarter improved to 23.2% compared to 22.5% in the prior year.

We continue to invest in our people as we continue to secure engagements across various regions and industries. The total number of consultants at April 30, 2006 was 440, an increase of 42 from April 30, 2005.

Selected Futurestep Data

(dollars in millions)

	Fourth Quarter						Year to Date
	Q4’06			Q4’05			FY06			FY05
Fee Revenue	$	18.6		$	14.9		$	70.2		$	53.9
Revenue	$	20.3		$	16.4		$	76.8		$	58.5
Operating Income (Loss)		($1.4	)	$	1.5		$	3.4		$	6.5
Operating Margin		(7.8	%)		9.9	%		4.8	%		12.1	%

Fee revenue was $18.6 million in Q4’06, an increase of $3.7 million, or 25%, from $14.9 million in Q4’05. Improvements in fee revenue were driven by an increase in the number of new engagements opened and continuing development of Futurestep’s recruitment process outsourcing operations.

Futurestep had an operating loss of $1.4 million in Q4’06, a decrease of $2.9 million from operating income of $1.5 million in Q4’05 primarily due to one-time write offs of certain receivables and personnel related costs as the company has continued to invest in its employees.

Outlook

Assuming constant foreign exchange rates, Korn/Ferry estimates that first quarter fiscal 2007 fee revenue is likely to be in the range of $138 million to $145 million and diluted earnings per share is likely to be in the range of $0.28 to $0.33, excluding FAS123(R) options expense, $0.26 to $0.31 including FAS123(R) options expense.

Earnings Conference Call Webcast

The earnings conference call will be held today at 8:00 AM (EDT) and hosted by Paul C. Reilly, Chairman and CEO, and Gary Burnison, Chief Operating Officer. The conference call will be webcast and available online at www.kornferry.com, accessible through the Investor Relations section.

Korn/Ferry International (NYSE:KFY), with 72 offices in 37 countries, is the leading provider of executive search, outsourced recruiting and leadership development solutions. Based in Los Angeles, the firm partners with clients worldwide to deliver unparalleled senior-level search, management assessment, coaching and development and middle management recruitment services through its Futurestep subsidiary. For more information, visit the Korn/Ferry International Web site at www.kornferry.com or the Futurestep Web site at www.futurestep.com.

Statements in this press release and our conference call that relate to future results and events (“forward-looking statements”) are based on Korn/Ferry’s current expectations. Readers 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 control of Korn/Ferry. The potential risks and uncertainties relate to competition, the dependence on attracting and retaining qualified and experienced consultants, the portability of client relationships, local political or economic developments in or affecting countries where we have operations, risks related to the growth and results of Futurestep, restrictions imposed by off-limits agreements, reliance on information systems and employment liability risk. For a detailed description of risks and uncertainties that could cause differences, please refer to Korn/Ferry’s periodic filings with the Securities and Exchange Commission. Korn/Ferry disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

[Tables attached]

KORN/FERRY INTERNATIONAL AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(in thousands, except per share amounts)

	Quarter Ended April 30,						Year Ended April 30,
	2006			2005			2006		2005
Fee revenue	$	145,266		$	123,996		$	522,882	$	452,194
Reimbursed out-of-pocket engagement expenses		7,658			7,035			28,887		24,183
Total revenue		152,924			131,031			551,769		476,377
Compensation and benefits		95,096			84,412			341,196		292,913
General and administrative expense		25,428			18,562			93,462		83,544
Out-of-pocket engagement expense		9,358			7,719			31,927		25,702
Depreciation and amortization		2,405			1,714			9,002		8,437
Total operating expense		132,287			112,407			475,587		410,596
Operating income		20,637			18,624			76,182		65,781
Interest and other income (expense), net		(434	)		(719	)		842		(7,103	)
Income before provision for income taxes and equity in earnings of unconsolidated subsidiaries		20,203			17,905			77,024		58,678
Provision for income taxes		430			4,963			19,594		20,251
Equity in earnings of unconsolidated subsidiaries		527			(1,227	)		2,000		193
Net income	$	20,300		$	11,715		$	59,430	$	38,620
Interest expense on convertible securities, net of taxes		759			759			3,113		3,103
Net income adjusted for computation of diluted EPS	$	21,059		$	12,474		$	62,543	$	41,723
Basic earnings per common share	$	0.51		$	0.30		$	1.49	$	1.00
Basic weighted average common shares outstanding		39,874			39,139			39,889		38,516
Diluted earnings per common share	$	0.45		$	0.27		$	1.32	$	0.90
Diluted weighted average common shares outstanding		47,209			46,675			47,270		46,229

KORN/FERRY INTERNATIONAL AND SUBSIDIARIES

FINANCIAL SUMMARY BY SEGMENT

(in thousands)

	Quarter Ended April 30,										Year Ended April 30,
	2006					2005					2006					2005
Fee Revenue:
Executive recruitment:
North America	$	70,237				$	63,208					259,089				$	225,850
Europe		36,258					30,590					120,059					110,455
Asia/Pacific		15,981					12,015					57,922					51,196
South America		4,210					3,327					15,660					10,828
Total executive recruitment		126,686					109,140					452,730					398,329
Futurestep		18,580					14,856					70,152					53,865
Total fee revenue		145,266					123,996					522,882					452,194
Reimbursed out-of-pocket engagement expenses		7,658					7,035					28,887					24,183
Total revenue	$	152,924				$	131,031				$	551,769				$	476,377
Operating Income (Loss):				Margin					Margin					Margin					Margin
Executive recruitment:
North America	$	17,458		25	%	$	18,156		29	%	$	62,124		24	%	$	53,635		24	%
Europe		6,296		17	%		4,081		13	%		22,361		19	%		19,531		18	%
Asia/Pacific		4,742		30	%		1,989		17	%		13,374		23	%		9,594		19	%
South America		951		23	%		337		10	%		2,839		18	%		1,320		12	%
Total executive recruitment		29,447		23	%		24,563		23	%		100,698		22	%		84,080		21	%
Futurestep		(1,442	)	(8	%)		1,476		10	%		3,351		5	%		6,483		12	%
Corporate		(7,368	)				(7,415	)				(27,867	)				(24,782	)
Total operating income	$	20,637		14	%	$	18,624		14	%	$	76,182		15	%	$	65,781		14	%

KORN/FERRY INTERNATIONAL AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(in thousands, except per share amounts)

	As of April 30, 2006			As of April 30, 2005
ASSETS
Cash and cash equivalents	$	257,543		$	199,133
Marketable securities		20,654			7,815
Receivables due from clients, net of allowance for doubtful accounts of $8,818 and $7,307, respectively		87,287			68,942
Income taxes and other receivables		5,328			6,004
Deferred income taxes		8,934			8,864
Prepaid expenses		14,019			13,710
Total current assets		393,765			304,468
Property and equipment, net		20,533			18,287
Cash surrender value of company owned life insurance policies, net of loans		70,592			65,047
Deferred income taxes		33,002			30,889
Goodwill		109,484			107,014
Deferred financing costs, investments and other		8,115			8,463
Total assets	$	635,491		$	534,168
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable	$	9,731		$	7,196
Income taxes payable		17,138			15,400
Compensation and benefits payable		121,885			107,009
Other accrued liabilities		27,537			28,792
Total current liabilities		176,291			158,397
Deferred compensation and other retirement plans		71,790			59,134
Long-term debt		45,147			44,949
Other liabilities		7,523			7,991
7.5% Convertible mandatorily redeemable preferred stock, net of unamortized discount and issuance costs, redemption value $11,387		10,989			10,795
Total liabilities		311,740			281,266
Shareholders’ equity
Common stock: $0.01 par value, 150,000 shares authorized, 43,628 and 41,268 shares issued and 41,201 and 39,888 shares outstanding, respectively		344,285			330,745
Retained deficit		(23,154	)		(82,584	)
Unearned restricted stock compensation		(7,731	)		(4,355	)
Accumulated other comprehensive income		10,910			9,679
Shareholders’ equity		324,310			253,485
Less: Notes receivable from shareholders		(559	)		(583	)
Total shareholders’ equity		323,751			252,902
Total liabilities and shareholders’ equity	$	635,491		$	534,168