• The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
Menu
  • The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
  • Kronos Keeps Ticking, Posts Successful Q3

    August 13, 2007 Dan Burger

    It wasn’t exactly a surprise when the publicly held labor management software company, Kronos, was purchased and taken private by a private equity firm. Kronos had all the markings of a deal just waiting to happen. Since the announcement of that transition, however, the number of watchful eyes on this company has, no doubt, increased significantly. Employees, customers, and business partners certainly are dialed in a little closer to gains and losses.

    If anyone was ill at ease, the latest round of financial reporting from the company should indicate that change is being handled quite nicely.

    In its first quarter since becoming a private company, Kronos is reporting revenues grew 19 percent to $168.7 million. Earnings before interest, tax, and amortization (EBITA) rose 45 percent to $28.9 million in the company’s fiscal third quarter. It is the company’s 110th consecutive quarter of year-over-year revenue growth and 81st consecutive quarter of EBITA profitability.

    Reflecting on the financial good fortune resulting from the Kronos purchase by the private equity firm Hellman & Friedman Capital Partners (H&F), Aron Ain, Kronos chief executive officer, said his company gained the “increased flexibility to invest in our customers, technology, and people.” Beyond the numbers, Ain also noted that Kronos accomplished “strategic objectives in the areas of global expansion, workforce management, and talent management.” H&F paid $1.8 billion to acquire Kronos in May.

    Specific accomplishments include the acquisition of Captor, a provider of workforce management solutions serving customers throughout Europe; the launching of a subsidiary in India; a partnership with a Latin America reseller, Meta4; and a foot in the door introduction of Kronos to the Chinese market.

    Kronos said in a statement that product revenue was being fueled by increasing adoption of applications in the areas of scheduling, absence management, human resources and payroll, analytics, and labor activities.”

    On the product side last quarter, Kronos delivered version 6 of its Workforce Central suite, which is used to manage workforce performance and measure effectiveness. It does not run on the IBM System i, by the way. Kronos has a separate product, the iSeries Central Suite, for its substantial AS/400, iSeries, and System i customer base. Kronos also delivered a mobile product called webTA Mobile during its last quarter.

    Notable new customer wins and existing customer product upgrades during the quarter included Huntington Memorial Hospital in California, Swissport in the UK, the Audubon Institute in Louisiana, the Venetian Resort Hotel Casino in Nevada, and American Woodmark in Virginia.

    RELATED STORIES

    Kronos To Be Taken Private Through a $1.8 Billion Buyout

    Sales Up 16 Percent in Q1 as Kronos Launches Wares for Manufacturers

    Kronos Buys Two Companies, Warns of Revenue Dip in Q3



                         Post this story to del.icio.us
                   Post this story to Digg
        Post this story to Slashdot

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Tags: Tags: mtfh_rc, Volume 16, Number 31 -- August 13, 2007

    Sponsored by
    WorksRight Software

    Do you need area code information?
    Do you need ZIP Code information?
    Do you need ZIP+4 information?
    Do you need city name information?
    Do you need county information?
    Do you need a nearest dealer locator system?

    We can HELP! We have affordable AS/400 software and data to do all of the above. Whether you need a simple city name retrieval system or a sophisticated CASS postal coding system, we have it for you!

    The ZIP/CITY system is based on 5-digit ZIP Codes. You can retrieve city names, state names, county names, area codes, time zones, latitude, longitude, and more just by knowing the ZIP Code. We supply information on all the latest area code changes. A nearest dealer locator function is also included. ZIP/CITY includes software, data, monthly updates, and unlimited support. The cost is $495 per year.

    PER/ZIP4 is a sophisticated CASS certified postal coding system for assigning ZIP Codes, ZIP+4, carrier route, and delivery point codes. PER/ZIP4 also provides county names and FIPS codes. PER/ZIP4 can be used interactively, in batch, and with callable programs. PER/ZIP4 includes software, data, monthly updates, and unlimited support. The cost is $3,900 for the first year, and $1,950 for renewal.

    Just call us and we’ll arrange for 30 days FREE use of either ZIP/CITY or PER/ZIP4.

    WorksRight Software, Inc.
    Phone: 601-856-8337
    Fax: 601-856-9432
    Email: software@worksright.com
    Website: www.worksright.com

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Admin Alert: Eliminating Easy-to-Guess User Passwords i5/OS V6R1: The TIMI, It Is A-Changing

    Leave a Reply Cancel reply

TFH Volume: 16 Issue: 31

This Issue Sponsored By

    Table of Contents

    • Shearer Chats with iSociety Members About System i Subdivision
    • Zend, IBM Weave PHP and Blue Software a Little Tighter
    • Power6-Based System i Performance: Your Mileage Will Vary
    • Server Makers Dominate Tape Market, Says IDC
    • Performance Per Watt on Power6: Same Thermals, More Work
    • Apache Losing Ground Against IIS on the Web
    • IBM’s Reorg: The Good Me or the Bad Me?
    • Agilysys Is Back in the Black in First Quarter
    • Mad Dog 21/21: Classical Architecture
    • Kronos Keeps Ticking, Posts Successful Q3

    Content archive

    • The Four Hundred
    • Four Hundred Stuff
    • Four Hundred Guru

    Recent Posts

    • Security Still Top Concern, IBM i Marketplace Study Says
    • Bob Langieri Shares IBM i Career Trends Outlook for 2023
    • Kisco Brings Native SMS Messaging to IBM i
    • Four Hundred Monitor, February 1
    • 2023 IBM i Predictions, Part 4
    • Power Systems Did Indeed Grow Revenues Last Year
    • The IBM Power Trap: Three Mistakes That Leave You Stuck
    • Big Blue Decrees Its 2023 IBM Champions
    • As I See It: The Good, the Bad, And The Mistaken
    • IBM i PTF Guide, Volume 25, Number 5

    Subscribe

    To get news from IT Jungle sent to your inbox every week, subscribe to our newsletter.

    Pages

    • About Us
    • Contact
    • Contributors
    • Four Hundred Monitor
    • IBM i PTF Guide
    • Media Kit
    • Subscribe

    Search

    Copyright © 2022 IT Jungle

    loading Cancel
    Post was not sent - check your email addresses!
    Email check failed, please try again
    Sorry, your blog cannot share posts by email.