Earnings call: Houlihan Lokey reports steady growth in Q3 FY2024
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Houlihan Lokey, Inc. (NYSE:) reported a solid performance for the third quarter of fiscal year 2024, with revenues reaching $511M, marking a 12% increase, and adjusted earnings per share rising by 7% to $1.22 compared to the same period last year. The company highlighted its recent acquisitions, including 7 Mile Advisors and the pending acquisition of Triago, as strategic moves to bolster its investment banking services in IT and private funds. The corporate finance, financial restructuring, and financial and valuation advisory businesses all contributed to the quarter's revenue growth, with restructuring revenue hitting a post-COVID peak.
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