Kronos Inc. recently announced that it recorded record sales for its most recent fiscal year.
In a press release, the provider of labor-management software solutions said its sales for the year ending Sept. 30 were $1.1 billion, up from $1.04 billion the previous year. Earnings before interest, tax, depreciation, and amortization (EBITDA) totaled $355 million, up from $343 million a year ago.
"Kronos continued its fantastic growth trajectory in fiscal 2015, with remarkable momentum across all dimensions of our business," said CEO Aron Ain, in a prepared statement.
Highlights include Cloud bookings continuing to accelerate across multiple product lines, with the number of customers using Kronos Cloud increasing to more than 16,000.
The company said software-as-a-service (SaaS) bookings increased 87 percent and workforce-management cloud revenue increased 62 percent. Kronos said it secured its largest-ever new SaaS transaction, one for $22 million over multiple years.
Founded in 1979, Kronos' software is used for such applications as time and attendance, scheduling, absence management, human resources and payroll, hiring and labor analytics.
In 2007, Kronos agreed to a buyout that made it privately held.
"As a privately held company, we have the advantage of making strategic and significant investments back into our business," Ain said.