Kronos Continues Revenue Growth

February 14, 2011 – Kronos Incorporated, a global provider of workforce management solutions, has posted first quarter of fiscal 2011 revenues of $176.4 million. Earnings before interest, tax, and amortization (EBITA) were approximately $36.8 million. “Our market presence continues to grow around the world, as evidenced by a 150 percent year-over-year increase in new customer contracts. We also experienced strong performance in many of our major vertical markets and fantastic momentum with our managed services offering,” said Aron Ain, CEO. “We're excited about our opportunities for growth in fiscal 2011, which we expect will be fueled in part through the market's enthusiastic reaction to our next generation of workforce management solutions.” Kronos continues to execute its global expansion strategy, and is seeing increasing momentum in the Europe, Middle East, and Africa (EMEA) region fueled by growing demand for workforce management solutions. China had a particularly strong quarter, with an 85 percent year-over-year increase in revenue.