Halogen Software Earns Record Revenues
Halogen Software, a provider of cloud-based talent management solutions announced its third quarter financial results for fiscal year 2013. The results included a record quarter for Halogen with total revenue increased 27% from Q3 2012 to $12.3 million. Revenue generated internationally (excluding Canada) also increase by 66% over Q3 2012.
Halogen notes that much of the new growth comes from strong customer acquisition across a range of markets and locations including banking, health, technology and the non-profit industries. Customer retention stayed above 90% and cash flow stayed positive at $2.2 million.
Halogen CEO, Paul Loucks says growth was driven by international expansion and key wins in resulting from the expansion of sales offices in Australia this quarter.
He also cites the unveiling of “two new modules that we will be introducing to our suite of talent management software solutions, increasing our total addressable market.”