Kronos Posts 11 Percent Revenue Gain
August 24, 2010 – Kronos Incorporated has posted third quarter of fiscal 2010 revenues of $185 million, an increase 11 percent year over year. Earnings before interest, tax, and amortization (EBITA) increased 24 percent year over year to $47.4 million. “We had an exciting and successful third quarter. We were especially pleased with our product revenue growth of 15 percent,” said Aron Ain, Kronos CEO. “As a result of significantly deepening our expertise in key vertical markets, our pipeline has reached a record level and customers are more confident than ever in our ability to help them effectively manage their workforce.” Kronos is a global provider of workforce management solutions that enable organizations to control labor costs, minimize compliance risk, and improve workforce productivity.