Home / Knowledge / News / Information Technology / Product bookings surge 26% at Kronos in Q3 FY'13
Product bookings surge 26% at Kronos in Q3 FY'13
08
Aug '13
Kronos Incorporated, the global leader in delivering workforce management solutions in the cloud, announced financial results, company advancements, and customer successes for the third quarter of Fiscal 2013.

Kronos revenue for the quarter increased 10 percent to $248 million with product bookings increasing 26 percent. Earnings before interest, tax, depreciation, and amortization (EBITDA) increased 14 percent to $78.8 million.

"With an outstanding 26 percent year-over-year increase in product bookings - an all-time Kronos record - Kronos is clearly experiencing remarkable momentum," said Aron Ain, Kronos chief executive officer.

"We are 'firing on all cylinders', executing beautifully across all aspects of our business. The Kronos Cloud remains the fastest-growing aspect of our business, with workforce management cloud bookings doubling and rapid adoption in a broad spectrum of industry segments.

“Tremendous growth in the SMB sector continues to exceed company expectations, having a very positive impact on our company's trajectory. Moving into the final quarter of Fiscal 2013 - and based on enthusiastic adoption of our innovative workforce management solutions across all targeted industries - we are on track to surpass our financial targets and report another record year."

Third-Quarter News Facts

Kronos Cloud expanding rapidly - The Kronos Cloud continues to grow at a breathtaking rate. New customers are rapidly embracing the industry's most robust and comprehensive workforce management cloud platform, while existing customers are increasingly moving their on-premise deployments into the Kronos Cloud. More than 8,000 organizations now leverage the Kronos Cloud, seizing the vast benefits of cloud computing.

Groundbreaking products - Kronos delivered Workforce Central 7 during the quarter - a groundbreaking release designed to make workforce management easier than ever.

A product of the expertise and vision of Kronos staff guided by input, advice, and direction from the world's largest user base of workforce management solutions, Workforce Central 7 expands on the unrivaled Kronos user experience and contains hundreds of enhancements to further simplify the day-to-day lives of managers and employees.

From managing in the moment via the device of choice, to finding value in big data, to helping organizations effectively manage a global workforce and all its complexities with ease, Workforce Central 7 delivers on all fronts.

Accelerated SMB sector performance - In the past 15 months, Kronos launched its SMB partner network and its Workforce Ready SaaS offering for the SMB sector. By all measures, the company is outperforming expectations in the SMB sector, bringing hundreds of new organizations onto the workforce management platforms every quarter.

Global workforce management momentum - International product bookings increased year over year, with excellent momentum in Australia as both new customers signed on and existing customers expanded their use of Kronos. China also had a very strong quarter, including a major win with a global operator of theme parks. All international regions are seeing strong demand for the Kronos Cloud.

Click here to read full results

Kronos

Must ReadView All

Apparel/Garments | On 23rd Mar 2017

UK's National Living Wage to be £7.50 from April 2017

The National Living Wage in the UK for workers aged 25 and above is...

Textiles | On 23rd Mar 2017

Trutzschler launches Toyota-Truetzschler comber machine

Trutzschler, one of the world's leading textile machinery...

Jeff Bezos (L) and Amancio Ortega. Courtesy: Forbes

Apparel/Garments | On 23rd Mar 2017

Amazon founder Jeff Bezos is world's 3rd richest man

The biggest gainer and the third richest man on the Forbes' 31st...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search