ATLANTA - Employease ®, the leader in employee information management, posted record results for fiscal Q3 2006 ending March 31, 2006. Revenues grew 55 percent compared to fiscal Q3 2005. The quarter marked the company's 34th quarter of revenue growth.
"Our growth continues to accelerate as we help our customers and partners identify new ways to remain agile, responsive and efficient," said Phil Fauver, chief executive officer of Employease. "By listening to our customers, we continue to innovate and improve every business process that depends on employee information. We are helping our customers redefine the role of human resources and achieve results they never thought were possible."
Highlights for FY Q3 2006 include:
- Revenues - Revenues for the quarter rose 55 percent compared to the same quarter last year.
- Profitability - Experienced sustainable double-digit operating margins for the quarter.
- Product Innovation -In January, Employease released the first of two major upgrades designed to provide greater flexibility and support for consumer-driven healthcare plans. The second release in support of this project was delivered in late April. The company also announced plans for new payroll services, to be available in 2007.
- Industry Accolades - Earlier in the quarter, Employease was named in the "Leaders" quadrant in the Gartner, Inc. "Magic Quadrant for U.S. Midmarket HRMS" report for 2006. According to Gartner, "leaders" are performing well today, have a clear vision of market direction and are actively building competencies to sustain their leadership position in the market.
Employease´s award-winning technology and dynamic service center provide companies of all sizes the flexibility to better manage employee information and improve their HR, benefits and payroll functions.
The company´s applications include full-featured HRIS, benefits administration, employee self-service, manager self-service, leave management, performance management, recruitment and connectivity to internal systems, benefit providers and other service providers. Employease´s service center provides employee call center, carrier billing, invoice reconciliation, enrollment support, fulfillment services, COBRA, HIPAA and flexible spending account administration.
About Employease
Employease ®, Inc. (www.employease.com) is helping companies redefine how they manage employee information to improve HR, benefits and payroll processes. By focusing on people, not paper, more than 1,000 organizations improve service to employees and managers and positively impact their bottom line using Employease.
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