MATAWAN, N.J., May 3, 2016 /PRNewswire/ -- iCIMS, Inc., a leading provider of Software-as-a-Service (SaaS) talent acquisition software for growing businesses, announced today financial results for the first quarter ended March 31, 2016.
For the first quarter of 2016, revenue increased 41 percent compared to revenue for the same period in 2015. This marked the 10th straight quarter of revenue growth greater than 30 percent, and a continuation of profitability since 2003.
Additional highlights for the first quarter of 2016:
- Appointed Josh Wright as Chief Economist to oversee the research and publication of iCIMS' quarterly U.S. Hiring Trends Report, which has been featured in top publications such as Bloomberg BNA, The Wall Street Journal, Yahoo Finance and MarketWatch.
- New customer acquisitions included AmTrust Financial Services, Inc., John Q. Hammons Hotels Management, LLC, St. Josephs Healthcare System, and Dickey's Barbecue Restaurants, Inc.
- Garnered accolades from NJBIZ, TrustRadius, HRO Today and the Cloud Awards for efforts surrounding iCIMS' corporate work environment, executive leadership and best-in-class software.
- Included in industry analyst reports by Forrester Research, Inc. and Bersin by Deloitte.
"We continue to execute on our strategy to achieve consistent 30% year over year growth in revenues while remaining profitable. Our results for the first quarter of 2016 reflect our ability to achieve our goals and capture market share while remaining true to our core principles," stated Colin Day, Chief Executive Officer of iCIMS. "Implementing a best in class talent acquisition continues to be a priority for companies of all sizes, across every industry. Adapting to industry trends and customer feedback allows iCIMS to continually provide a superior product that offers customers advanced tools to more quickly and effectively hire best-fit talent. The size of our customer base, a healthy growth rate and recurring revenue component allows us to stake claim as one of the most influential pure SaaS companies in recruiting software," concluded Day.
For the full year 2016, the company maintains its forecast to grow revenue in excess of 30 percent while continuing to remain cash flow positive and profitable.
About iCIMS, Inc.:
iCIMS is a leading provider of innovative Software-as-a-Service (SaaS) talent acquisition solutions that help businesses win the war for top talent. Scalable, easy to use, and backed by award-winning customer service, iCIMS enables organizations to manage their entire talent acquisition lifecycle from building talent pools, to recruiting, to onboarding, all within a single cloud-based platform that is connected to the largest partner ecosystem of recruiting technologies in the industry. To learn more about how iCIMS can help your organization, visit http://www.icims.com or view a free online demo of the iCIMS Talent Platform.
Media Contact: Brian Gallagher
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SOURCE iCIMS, Inc.