Welcome!

Agile Computing Authors: Elizabeth White, Pat Romanski, Liz McMillan, Larry Alton, Astadia CloudGPS

News Feed Item

Kronos Continues to Change the Game in Workforce Management; Reports Strong Fiscal 2012 Financial Performance

Kronos 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

  • In the last quarter of Fiscal 2012, Kronos signed agreements with organizations around the world such as: CBS Interactive China, the largest vertical media group in China; Celadon Group, Inc., one of North America’s leading transportation companies; City of Tulsa, the second-largest city in the state of Oklahoma; Clemson University, a major land-grant, science- and engineering-oriented research university that maintains a strong commitment to teaching and student success; ESCO Corporation, a leading independent designer, manufacturer, and provider of highly engineered wear parts and replacement products used in mining, infrastructure development, power generation, aerospace and industrial applications; Gate Gourmet, the world’s largest independent provider of catering and provisioning services for airlines and railroads; Jerry’s Enterprises, Inc., an operator of Jerry’s Foods, County Market, Cub Foods, and Save-a-Lot grocery stores; RaceTrac Petroleum, Inc., operator of a chain of convenience stores across the Southern U.S.; Rail Corporation New South Wales (RailCorp), Australian-provider of metropolitan passenger rail services; Renault-Nissan Automotive India, the India subsidiary of Renault-Nissan; Supermercados Peruanos, the second-largest supermarket and hypermarket chain in Peru; Takshasila Healthcare, a joint venture between Kirloskar, Secom, and Toyota Tsusho of Japan; The Medical University of South Carolina, the oldest medical school in the Southern U.S.; The Pentagon Force Protection Agency, a civilian defense agency within the U.S. Department of Defense; The YMCA of Greater Charlotte, a United Way member agency comprised of 19 branches and 2 resident camps; University College London Hospitals NHS Foundation Trust (UCLH), one of the largest NHS Trusts in the U.K. that provides first-class acute and specialist services in seven hospitals in London; York Region Police, one of the largest law enforcement organizations in the Greater Toronto area serving 1.1 million residents; and YRC Worldwide Ind., a Fortune 500 company headquartered in Overland Park, Kan., the holding company for a portfolio of brands including YRC Freight, YRC Reimer, Holland, Reddaway, and New Penn.

Fiscal 2012 News Facts

  • Growth in the Cloud
    • More than 6,000 organizations are now successfully deployed in the Kronos Cloud. Kronos Cloud generates a fast return on investment while alleviating the need to invest in and manage additional infrastructure and staff. By choosing the Kronos Cloud, organizations free their staff to focus on other business objectives. Kronos now offers Workforce Central® in the Kronos Cloud for medium and large enterprises and Workforce Ready in the Kronos Cloud for small and midsize businesses.
  • Growth Through Product Innovation
    • Workforce Central – Latest version (Workforce Central 6.3) balances rich functionality with unprecedented ease-of-use and includes innovative new features and consumer-driven enhancements to meet the needs of global customers, further improve usability, and expand functionality for absence management and scheduling.
    • Kronos InTouch – Revolutionary time clock built for the modern workforce, Kronos InTouch delivers an unrivaled user experience; seamless integration to check accrual balances, request time off, and view schedules; a cloud-based architecture; and the first and only application platform devoted to improving productivity of the frontline workforce.
    • Workforce Mobile – Latest version of Kronos’ award-winning mobile applications enables organizations to improve productivity by making it easier for managers and employees to complete a wide range of workforce-related tasks using a variety of mobile devices. Enhancements include MobileViews, enabling the writing of custom applications; advanced labor detail functionality; barcode scanning capabilities; simplified timecard approvals; and GPS data collection.
    • Workforce AnalyticsEnhanced labor analytics solution enables organizations to easily access and leverage their workforce data to identify, predict, and manage opportunities for cost savings and productivity gains. Vertical-specific analytics applications include real-time visibility into workforce and operational issues so concerns about labor costs and workforce needs can be addressed immediately; an intuitive, graphical management dashboard; sophisticated security features that provide personalized intelligence; and interoperability with an organization’s existing business intelligence tool.
    • TeleStaff – Latest version of the Kronos TeleStaff public safety scheduling and notification solution includes enhancements that allow deployment on Microsoft SQL; new shift-bidding statuses enabling employees to view and monitor the status of their bids for shifts; and advanced reporting features.
    • Workforce Tablet – Today at KronosWorks, Kronos announced availability of Workforce Tablet, a sleek, easy-to-use tablet app that delivers real-time, location-specific workforce information to frontline managers so they can more effectively manage in the moment.
    • Workforce Task Management– Today at KronosWorks, Kronos announced availability of Workforce Task Management, a solution that simplifies store execution by providing end-users with a streamlined approach to create, approve, execute, and verify tasks. This drives productivity by streamlining communication between corporate and stores as well as increases sales and customer satisfaction by ensuring tasks are completed on time and consistently across locations.
  • Growth in Small and Midsize Business (SMB) Market
    • SaaShr acquisition – By acquiring SaaShr.com, Kronos significantly broadened its product portfolio and gained access to an extensive network of partners and resellers. SaaShr offers a software-as-a-service (SaaS) workforce management suite for SMBs. Through its well-established network of payroll service bureaus, professional employer organizations, human resources outsourcers, and value-added resellers, SaaShr’s solutions are used in thousands of organizations across a wide variety of industries. Built from the ground up to operate in the cloud, SaaShr’s multi-tenant architecture delivers a consistent user experience across its suite of time and attendance, human resources, and payroll applications.
    • Workforce Ready – Accelerating its cloud strategy, Kronos delivered a new suite of workforce management solutions for SMBs. Built from the ground up and designed to run in the cloud with its hosted multi-tenant architecture, Workforce Ready shares a common technology platform for time and attendance, human resources, and payroll applications; a universal employee record; and single user interface across its entire suite of applications.
  • Growth in Enterprise Market and Targeted Vertical Industries
    • Large enterprise deployments – Kronos booked its greatest-ever number of large orders in excess of $1 million. Kronos’ vertical-specific expertise and the company’s innovative product offerings are often cited as top reasons these organizations selected Kronos. These large transactions included significant orders from new and existing customers including one of the top ten largest discount retailers; a global warehouse retailer; a leading international hotel chain; one of the largest, most comprehensive less-than-truckload networks in North America; the second-largest chicken producer in the world; a leading provider of emergency medical services in the U.S.; and one of the top 25 national public universities.
    • OptiLink acquisition – Accelerates Kronos healthcare workforce management leadership by adding an industry-leading acuity-based staffing solution, OptiLink, to its workforce management suite. Kronos now offers the most advanced, clinically focused workforce management suite to help healthcare organizations deliver high-quality patient care.
  • Growth Internationally
    • SMART acquisition – Supporting its aggressive international growth strategy and strengthening its presence in the Europe, Middle East, and Africa (EMEA) region, Kronos acquired U.K.-based SMART Computer Holdings and its Spanish affiliate SMART Human Logistics. As a result, Kronos now offers the leading workforce management solution for National Health Service (NHS) organizations in the U.K., and established a physical presence in Spain.
    • Reseller agreements – Kronos extended its reach in the Middle East through reseller agreements with Health Matrix Corporation and OCSHI, providers of technology solutions to the healthcare sector, delivering an enhanced distribution network in the region, as well as local knowledge and support for new healthcare customer deployments. In addition, Kronos extended its reach in the India market through a strategic alliance with Qimpro, leveraging the company’s leadership in consulting to drive workforce transformation in India.
    • Support for Multinationals – With deployments in more than 100 countries, Kronos is proficient at supporting large multinational organizations. Kronos accommodates a vast array of region-specific pay rules, bringing ease to the highly complex task of paying employees around the world. Multinationals are increasingly choosing Kronos for its global expertise and global product capabilities.
  • 35 Years of Innovation – In October, Kronos celebrated 35 years of innovation. Since its founding in 1977, the company has grown to be the global leader in the workforce management software market.

Supporting Resources

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.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
Join IBM November 1 at 21st Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Cognitive analysis impacts today’s systems with unparalleled ability that were previously available only to manned, back-end operations. Thanks to cloud processing, IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Imagine a robot vacuum that becomes your personal assistant tha...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, will lead you through the exciting evolution of the cloud. He'll look at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering ...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It’s clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. Tha...
SYS-CON Events announced today that Avere Systems, a leading provider of enterprise storage for the hybrid cloud, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Avere delivers a more modern architectural approach to storage that doesn't require the overprovisioning of storage capacity to achieve performance, overspending on expensive storage media for inactive data or the overbui...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
SYS-CON Events announced today that TidalScale will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TidalScale is the leading provider of Software-Defined Servers that bring flexibility to modern data centers by right-sizing servers on the fly to fit any data set or workload. TidalScale’s award-winning inverse hypervisor technology combines multiple commodity servers (including their ass...
SYS-CON Events announced today that N3N will exhibit at SYS-CON's @ThingsExpo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. N3N’s solutions increase the effectiveness of operations and control centers, increase the value of IoT investments, and facilitate real-time operational decision making. N3N enables operations teams with a four dimensional digital “big board” that consolidates real-time live video feeds alongside IoT sensor data a...
As hybrid cloud becomes the de-facto standard mode of operation for most enterprises, new challenges arise on how to efficiently and economically share data across environments. In his session at 21st Cloud Expo, Dr. Allon Cohen, VP of Product at Elastifile, will explore new techniques and best practices that help enterprise IT benefit from the advantages of hybrid cloud environments by enabling data availability for both legacy enterprise and cloud-native mission critical applications. By rev...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Join IBM November 1 at 21st Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Cognitive analysis impacts today’s systems with unparalleled ability that were previously available only to manned, back-end operations. Thanks to cloud processing, IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Imagine a robot vacuum that becomes your personal assistant th...
Digital transformation is changing the face of business. The IDC predicts that enterprises will commit to a massive new scale of digital transformation, to stake out leadership positions in the "digital transformation economy." Accordingly, attendees at the upcoming Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA, Oct 31-Nov 2, will find fresh new content in a new track called Enterprise Cloud & Digital Transformation.
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software. They hope to capture value from emerging technologies such as IoT, SDN, and AI. Ultimately, irrespective of the vertical, it is about deriving value from independent software applications participating in an ecosystem as one comprehensive solution. In his session at @ThingsExpo, Kausik Sridhar, founder and CTO of Pulzze Systems, will discuss how given the magnitude of today's applicati...
SYS-CON Events announced today that Ryobi Systems will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Ryobi Systems Co., Ltd., as an information service company, specialized in business support for local governments and medical industry. We are challenging to achive the precision farming with AI. For more information, visit http:...
As popularity of the smart home is growing and continues to go mainstream, technological factors play a greater role. The IoT protocol houses the interoperability battery consumption, security, and configuration of a smart home device, and it can be difficult for companies to choose the right kind for their product. For both DIY and professionally installed smart homes, developers need to consider each of these elements for their product to be successful in the market and current smart homes.
SYS-CON Events announced today that Golden Gate University will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Since 1901, non-profit Golden Gate University (GGU) has been helping adults achieve their professional goals by providing high quality, practice-based undergraduate and graduate educational programs in law, taxation, business and related professions. Many of its courses are taug...
What is the best strategy for selecting the right offshore company for your business? In his session at 21st Cloud Expo, Alan Winters, U.S. Head of Business Development at MobiDev, will discuss the things to look for - positive and negative - in evaluating your options. He will also discuss how to maximize productivity with your offshore developers. Before you start your search, clearly understand your business needs and how that impacts software choices.
SYS-CON Events announced today that Avere Systems, a leading provider of hybrid cloud enablement solutions, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Avere Systems was created by file systems experts determined to reinvent storage by changing the way enterprises thought about and bought storage resources. With decades of experience behind the company’s founders, Avere got its ...
High-velocity engineering teams are applying not only continuous delivery processes, but also lessons in experimentation from established leaders like Amazon, Netflix, and Facebook. These companies have made experimentation a foundation for their release processes, allowing them to try out major feature releases and redesigns within smaller groups before making them broadly available. In his session at 21st Cloud Expo, Brian Lucas, Senior Staff Engineer at Optimizely, will discuss how by using...
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lead...