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by Chris Chiappinelli, MA Editorial Staff
Posted on Monday, January 29, 2007 7:15:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Workforce management vendor announces strong first quarter revenue on the strength of its acquired talent management products; provides details of suite for manufacturers that bundles existing products into one offering. |
| Keywords: | Kronos, first quarter, earnings, Kronos for Manufacturing, workforce management, Unicru, revenue, talent management |
Workforce management software provider Kronos Inc. posted a double-digit increase in revenue in the first quarter of its fiscal year, and tomorrow will announce a new packaged application dedicated to manufacturers. For the quarter ended Dec. 30, 2006, revenue rose to $148.7 million, a 16% jump from the $127.9 million reported in 2006's fiscal first quarter. Earnings dipped slightly to $5.7 million from $6.2 million in the year-earlier period. The earnings release comes on the eve of a new product announcement from the company: Kronos for Manufacturing, a hybrid software/services offering that is tailored to industrial customers. Applications included in the suite run the gamut of workforce management tools, from time and attendance, scheduling, and absence management to analytics, labor tracking, and shop-floor data collection. The service component offers manufacturers the industry knowledge of Kronos's consultant team, which can be used to help maximize results from projects such as lean manufacturing and Six Sigma, the company said. [Click to continue] |
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