US executive search firm Korn/Ferry International has seen fee revenues increase in its Q3 results (September to December).

Fee revenues were $146.8m (£97.2m), compared to $136.2m in the same quarter last year.

Gary D Burnison, chief executive of Korn/Ferry International, says: “We are encouraged by our results during the quarter, which included our third consecutive sequential fee revenue increase and a year-over-year fee revenue increase of 8%.

“Although our growth rate continues to outpace the industry, the macroeconomic environment remains challenging. Korn/Ferry, however, is well positioned with $251m in cash and marketable securities and a clear vision for the future.”