Korn/Ferry International on Tuesday reported lower second quarter profit that was still above Wall Street expectations, largely due to revenue growth from the previous quarter and savings from an earlier restructuring.

The Los Angeles executive recruiting firm, said it earned $2.7 million (6 cents a share) in the quarter ended Oct. 31, compared with net income of $13.6 million (30 cents) a year earlier. Total revenue fell 27 percent to $146 million.

Results for the quarter include restructuring charges of nearly $2.8 million.

Fee revenue, which has been hit hard by the recession, was up 20 percent from the first quarter, which Chief Execuitve Gary Burnison said was double the industry growth rate.

“Although companies continue to maintain lean workforces and the ramp-up for organizational expansion appears long and gradual, the strength of our brand, our systematic approach to client development and service and the caliber of consultants continues to enable us to take market share,” Burnison said in a statement.

Excluding charges, the company reported adjusted earnings of 9 cents a share. Analysts surveyed by Thomson Reuters on average expected the company to break even on revenue of less than $125 million.

The company forecast third-quarter earnings to be 5 cents to 15 cents per share, on fee revenue of $130 million to $145 million.

Shares were up 20 cents, or 1 percent, to $17.80 in midday trading on the New York Stock Exchange.