Demand for Kronos® Workforce Management Solutions Remains Strong

* Reuters is not responsible for the content in this press release.

Mon May 11, 2009 9:00am EDT

Kronos announces second-quarter Fiscal 2009 momentum 
CHELMSFORD, Mass.--(Business Wire)--
Kronos® Incorporated today announced financial results, company advancements,
and customer successes for the second quarter of Fiscal 2009. Kronos revenue for
the quarter was $159.7 million. Earnings before interest, tax, and amortization
(EBITA) were $31.8 million.1

"Demand for our workforce management solutions remains strong in spite of the
bleak economy. The critical business issues that we address - control labor
costs, minimize compliance risk, and improve workforce productivity - intensify
during times like these," said Aron Ain, Kronos chief executive officer.
"Because we solve real problems and deliver real results, we`re poised for
success during the current economic turbulence and will emerge stronger than
ever when the economy turns around." 

News Facts

* Kronos delivered three major products during the quarter.

* The latest version of Workforce Central® is in high demand for its ease-of-use
enhancements and deep functionality. Major advancements include enhanced ERP
integration; lower total cost of ownership; complete automation of various
workforce management business processes; and additional global capabilities. 
* The Workforce Acquisition™ hiring solution now includes advanced selection
science for long-term care organizations, as well as support for field/hourly
hiring in the UK. 
* Marking a major release of its time and attendance solution for small- and
mid-sized businesses in Europe, Kronos delivered the latest version of Kronos
Efficient™.

* Demand for high-quality information and complete automation of workforce
management processes is driving interest in Kronos time and attendance,
scheduling, absence management, HR and payroll, hiring, and analytics
applications.

* County of Guilford, the third-largest county in North Carolina, chose to
automate time and attendance, scheduling, and absence management for 2,700
employees in all departments. The automation of time and attendance functions
will be integrated with the overall effort to implement a new payroll system for
the county. 
* Finning International Inc, the world`s largest Caterpillar equipment dealer,
headquartered in Vancouver, British Columbia, Canada, selected Kronos for time
and attendance as part of a global deployment of its new ERP solution. 
* Mt. Rogers, a national recreation area with 800 employees, purchased HR and
payroll applications in an effort to trim five percent of administrative costs. 
* Wellstar Health System, a five-hospital system in Georgia, selected time and
attendance, scheduling, absence management, and analytics for 11,000 employees. 
* Yale University purchased a 16,000-employee license for time and attendance,
absence management, and analytics for use across 150 departments.

* More organizations are choosing Kronos to extend the value of their existing
ERP application.

* City of Denver, Colo., purchased time and attendance, scheduling, labor
activities and absence management applications for use by 13,000 employees in 50
government agencies. The city selected Kronos to replace a previously purchased
time and labor system from a leading ERP vendor, citing issues with
time-to-value. 
* New Mexico Department of Health Facilities Management chose to automate its
time and attendance processes with Kronos to reduce payroll inflation and
consistently enforce compliance requirements. The granular view of time and
attendance data provided by the Kronos solution will help the Department of
Health reduce compliance risk and minimize unnecessary overtime. The Kronos
application will work in conjunction with the State of New Mexico investment in
PeopleSoft. 
* One of the largest non-profit public health systems in the U.S. chose to
remove the time and labor application from PeopleSoft/Oracle in exchange for
Kronos, citing a desire for more complete automation of the time and attendance
function without costly customization.

* Global demand remains strong despite weak economy.

* The UK had a very strong quarter with a large number of new customer
contracts. Customer wins included: Accor, a European hospitality company and
Alstom, a global leader in the world of power generation. 
* Customer wins in Australia included DFS, a leading luxury retailer catering to
the travelling public; Linfox, a supply chain solutions provider; and Southern
Health, a large metropolitan health service. 
* Customer wins in China included automotive supplier ArvinMeritor, an existing
Kronos customer across multiple regions. In addition, Kronos entered the China
healthcare market by securing a contract with United Family Hospitals and
Clinics (UFH), one of the top healthcare service providers in China. 
* In India, business is increasingly coming from organizations that have
realized deficiencies in how their ERP system handles local, country-specific
workforce management business processes. Customer wins included GMR Group,
India`s leading infrastructure developer; Firstsource, a global business process
outsourcer; and Viraj Profiles Limited, one of the world`s largest producers of
stainless steel products.

About Kronos Incorporated

Kronos is the global leader in workforce management solutions that enable
organizations to control labor costs, minimize compliance risk, and improve
workforce productivity. Tens of thousands of organizations in 60 countries -
including more than half of the Fortune 1000® - use Kronos time and attendance,
scheduling, absence management, HR and payroll, hiring, and labor analytics
applications. To learn how Kronos uniquely delivers complete automation and
high-quality information in an easy-to-use solution, visit www.kronos.com. 

© 2009 Kronos Incorporated.Kronos and Workforce Central are registered
trademarks and Workforce Acquisition and Kronos Efficient are trademarks of
Kronos Incorporated or a related company. All other trademarks are property of
their respective owners. 

Footnote 1: Revenue excludes purchase accounting adjustments related to the
company going private in June 2007 and its acquisition of Unicru and Captor
businesses in 2006 and 2007. EBITA excludes purchase accounting adjustments, FAS
123R charges, and non-recurring one-time charges. 





Kronos Incorporated
Michele Glorie, +1-978-947-2855
michele.glorie@kronos.com

Copyright Business Wire 2009

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.