Company's 32nd Consecutive Quarter of Revenue Growth
ATLANTA December 1, 2005 - Employease®, the leading provider of on demand HR, benefits administration and outsourcing solutions, posted record results for fiscal Q1 2006 ending September 30, 2005. Revenues grew 53% compared to fiscal Q1 2005. The quarter marked the company's 32nd quarter of revenue growth.
"We are seeing an acceleration in every aspect of our business," said Phil Fauver, chief executive officer of Employease. "We are ramping up sales, broadening our channel, and increasing the pace of innovation. As we continue to deliver excellent results to our customers and partners, we are extending our lead in on demand HR."
Highlights for FY Q1 2006 include:
Revenue - Revenues for the quarter rose 53% compared to the same quarter last year.
Profitability - Experienced sustainable double-digit operating margins for the quarter.
Product Releases - Upgraded the Employease Network to include improved international employee support, broader retirement and flexible spending account plan support, improved reporting and continued enhancements to the company's market leading benefits administration functionality.
Industry Research - Launched HR-research.com (www.hr-research.com) a web site providing HR and employee benefits professionals with third party research to help revolutionize the human capital management function within their organizations.
Employease provides web-based HR and benefits solutions and outsourcing options for companies of all sizes that give HR professionals the power to choose where and by whom HR tasks are completed. A customer's existing HR and benefits staff can use Employease's applications and/or Employease can use its applications to provide process outsourcing services on a customer's behalf.
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 outsourcing solutions include 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) provides an innovative and proven mix of web-based HR and benefits solutions and outsourcing options, giving organizations the power to choose how to best manage HR and benefits 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.