Incorporated today announced financial results, company
advancements, and customer successes for Fiscal 2012 which closed Sept.
30. Kronos revenues for the fiscal year increased 9 percent to $870
million. Earnings before interest, tax, depreciation, and amortization
(EBITDA) increased to $266 million.1
"We are thrilled with our company's financial performance. We are
growing across all strategic aspects of our business - in the cloud,
through product innovation, in the small and midsize business market, in
the enterprise market, across our targeted vertical industries, and
globally," said Aron Ain, Kronos chief executive officer. "As we
celebrate 35 years of innovation, we reflect upon our accomplishments -
and, more importantly - look ahead toward a continued aggressive growth
trajectory. As the pace-setter and game-changer in the workforce
management market, we will continue to deliver exceptional value to
customers around the globe."
Fourth Quarter News Facts
Fiscal 2012 News Facts
About Kronos Incorporated
Kronos is the global leader in delivering workforce management solutions
in the cloud. Tens of thousands of organizations in more than 100
countries - including more than half of the Fortune 1000® -
use Kronos to control labor costs, minimize compliance risk, and improve
workforce productivity. Learn more about Kronos industry-specific time
and attendance, scheduling, absence management, HR and payroll, hiring,
and labor analytics applications at www.kronos.com.
Kronos: Workforce Innovation That Works™.
© 2012 Kronos Incorporated. All rights reserved. Kronos and Workforce
Central are registered trademarks and Workforce Ready, InTouch,
Workforce Mobile, Workforce Analytics, TeleStaff, Workforce Tablet,
Workforce Task Management, SaaShr, OptiLink, and SMART are trademarks of
Kronos Incorporated or a related company. All other trademarks are
property of their respective owners.
Footnote: This press release contains non-GAAP financial measures.
Kronos believes that non-GAAP measures of financial results provide
useful information regarding certain financial and business trends
relating to Kronos' results of operations. Non-GAAP revenue consists of
GAAP revenue excluding the effect of: (1) the write-down of deferred
revenue associated with purchase accounting for certain acquisitions.
EBITDA consists of GAAP income from operations excluding: (1)
share-based compensation expense for stock options and stock awards in
accordance with ASC 718; (2) amortization of capitalized software
development costs (3) depreciation of property, plant and equipment; (4)
amortization of acquired intangible assets; (5) acquisition-related
expenses including advisory, legal, accounting, acquired
employee-related costs, and integration costs; and (6) consulting
expenses that are excluded from the definition of EBITDA under the terms
of the Company's Credit Agreement.
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