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Kronos(R) Achieves Double-Digit Growth in Second Quarter

发布时间:2019-02-01 作者:AG88 分类:热门新闻


BEIJING, May 13 /PRNewswire-Asia/ -- Kronos(R) Incorporated today announced financial results, company advancements, and customer successes for the second quarter of Fiscal 2010. Kronos revenues for the quarter increased 10 percent year over year to $177.9 million. Earnings before interest, tax, and amortization (EBITA) increased 28 percent year over year to $41.3 million.(1)

"We had a fantastic second quarter made possible by all-around solid execution," said Aron Ain, Kronos chief executive officer. "The ongoing investments that we have been AAAAAA in product innovation and global expansion helped us achieve our double-digit growth. We were pleased with our performance with new and existing customers in both our established and emerging markets, and experienced very strong performance in our key vertical segments. We are extremely well positioned as the pace of economic recovery quickens and organizations begin to invest for growth again."

Second Quarter News Facts

-- In the second quarter of Fiscal 2010, Kronos signed agreements with

organizations around the world such as: Boyd Gaming Corporation, a

leading diversified owner and operator of 16 gaming entertainment

properties; Clemson University, a public, coeducational, land-grant,

research university located in Clemson, S.C.; Con-Way, Inc., a

freight-transportation and logistics company; Ocean State Job Lot, an

American chain of approximately 90 discount stores operating in New

England; Onslow Memorial Hospital, a 162-bed acute care, community

hospital located in coastal North Carolina; Republic Services, Inc.,

provider of recycling and solid waste collection, transfer, anAAAAAAAA> disposal services in the U.S. and Puerto Rico; Regal Entertainment

Group, operator of the largest and most geographically diverse theatre

circuit in the U.S.; Southwest Airlines, the largest airline in the

world by number of passengers carried per year; Teach For America, the

national corps of outstanding recent college graduates who commit two

years to teach in urban and rural public schools and become lifelong

leaders in expanding educational opportunity; The Children's Place, a

leading specialty retailer of children's apparel and accessories for

children from newborn to age fourteen; Valitas Health Services, one of

the largest providers of clinical contract staffing and relateAAAAAAAA> healthcare management services in the U.S.; WaWa, Inc., a chain of

more than 570 convenience stores in Pennsylvania, New Jersey, Delaware,

Maryland, and Virginia; Wilson Trucking Corporation, one of the

southeast's premier LTL service carriers; Winn-Dixie, operator of

supermarkets throughout the southeastern U.S. under the Winn-Dixie,

Winn-Dixie Marketplace, and SaveRite banners; Yum! Brands, Inc., the

world's largest restaurant company in terms of system restaurants with

more than 37,000 restaurants in more than 110 countries anAAAAAAAA> territories.

-- Vertical focus - Kronos' five vertical lines of business - retail anAAAAAAAA> hospitality; healthcare; services and distribution; manufacturing; anAAAAAAAA> public sector - all performed well during the quarter. As the business

climate improves, Kronos' ability to control labor costs, minimize

compliance risk, and improve labor productivity is resonating across

all lines of business.

-- Product innovation - Kronos met many major product development

milestones during the quarter. Kronos will deliver more new products

and product enhancements this year than in any previous year in the

company's history. The next generation of workforce management

solutions from Kronos is based on the idea that users can have it all

- deep functionality and great ease of use.

-- Global expansion - Kronos international operations had an

exceptionally strong quarter, as a result of investments the company

has made in global expansion over the past 24 months. Kronos continueAAAAAAAA> to experience above expectation results in Australia and the UK,

driven by additional orders from existing customers such as Carphone

Warehouse in the UK and new customer acquisitions such as BigW (part

of Woolworths Group), IKEA, and Star Track Express in Australia. Major

wins in China included a scheduling purchase by United Family

Hospitals and Clinics, one of the top healthcare service providers in

China.

-- Managed services momentum - Revenue derived from Kronos' manageAAAAAAAA> services line of business again exceeded expectations for the quarter

as organizations increasingly choose to rely on KronoAAAAApertise in

remotely managing and hosting their workforce management applications.

The number of customers who chose Kronos managed services offerings

increased four-fold over the same period last year.

-- Hiring solution momentum - During the quarter, Kronos processed 7.9

million applications resulting in 169,000 new hires. In addition,

Kronos rolled out its hiring solution to more than 5,045 new locations.

-- Expanding workforce - Kronos made several key executive hires

including a vice president of international operations and vice

president of human resources. In support of its aggressive growth

plans, Kronos has more than 150 job openings across all functional

departments in various regions around the worlAAAAAAAAA> About Kronos IncorporateAAAAAAA> Kronos is the global leader in workforce management solutions that enable organizations to control labor costs, minimize compliance risk, and improve workforce productivity. Tens of thousands of organizations in 60 countries - including more than half of the Fortune 1000(R) - use Kronos time and attendance, scheduling, absence management, HR and payroll, hiring, and labor analytics applications. To learn how Kronos uniquely delivers complete automation and high-quality information in an easy-to-use solution, visit http://www.kronos.com .

Footnote 1: Revenue excludes purchase accounting adjustments related to the company going private in June 2007 and its acquisitions since June 2007. EBITA excludes purchase accounting adjustments, FAS 123R charges, and non-recurring, unusual charges.

(C) 2010 Kronos Incorporated. Kronos is a registered trademark of Kronos Incorporated or a related company. All other trademarks are property of their respective owners.

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