HIRE Technologies Inc.: HIRE Technologies Reports Record Quarterly Revenue and Gross Margin for Q1-2021 Including 89% YoY Revenue Growth and 19 Point Gross Margin Improvement
Revenue growth of 89.1% in Q1-2021 versus Q1-2020.
Recurring contract placement revenue growth of 43% in Q1-2021 over Q1-2020.
Gross Margin of 42.4% for Q1-2021, the third consecutive quarter of increased margins.
Net income of $2.2 million, $0.04 per share ($0.03 on a diluted basis).
EBITDA of $2.6 million.
Organic Growth of 7% for this quarter more than double the growth rate achieved by industry peers (1.8%)
1. Our business model, ability to execute, and the strength of our brands across Canada were fully demonstrated in the first quarter of 2021, said Simon Dealy, HIRE s Chief Executive Officer. To date, in 2021, economic growth is evident and signals a significant rise in demand for staffing solutions. Organic growth was very strong, with our subsidiaries reporting a 219% increase in job requests
USD 13.21 billion by 2028, exhibiting a CAGR of 9.4% during the forecast period. The market is driven by the rising popularity of mobile technologies worldwide, states Fortune Business Insights™ in a report titled, “Talent Management Software Market, 2021-2028,” the market value was USD 6.45 billion in 2020.
COVID-19 Impact
Company Layoffs to Reduce Product Demand amid Coronavirus Pandemic
Many companies were badly hit by the pandemic crisis, which resulted in layoffs and stop on hiring processes. This factor has severely impacted the adoption of talent management solutions during the COVID-19 pandemic. The HR departments have faced challenges related to maintaining optimum business operations and managing the health of the workforce. There were several difficulties concerning new guidelines to support employees to work from home, and enforce legal changes regarding payroll and sick pay. However, the adoption of digital technologies has significantly increased the need for t
Bridge Releases the Next Iteration of the Employee Learning and Performance Experience with Enhancements to Analytics
Share Article
With a goal of eliminating Learning and Performance silos, Analytics is the latest release in Bridge’s platform to seamlessly connect learning and performance into a single, comprehensive growth experience.
Bridge exists to solve the problem of connection, alignment and growth. Our approach to analytics is directly correlated with that goal. If business leaders can understand the data, they’ll better understand the people. SALT LAKE CITY (PRWEB) May 06, 2021
Bridge, the award-winning learning and performance management platform, today announced significant enhancements to an already robust analytics and insights platform. Coupled with our Engage platform, this critical technology empowers organizations to make data-driven decisions by measuring the effectiveness of learning and p
Watershed and Degreed Partner to Deliver Enhanced Learning Analytics and Reporting
Share Article
Degreed centralizes the learner experience, while Watershed centralizes the L&D reporting experience.
Enriching the quality of learner experiences, tracking the evolving skills of employees, and understanding the learning process objectively through data are all fundamental table stakes to competing in today s knowledge-based economy. NASHVILLE, Tenn. (PRWEB) April 27, 2021 Watershed, the leader in Learning Analytics Platforms, is announcing its partnership with the learning experience and upskilling platform Degreed to deliver enhanced learning analytics and reporting.
“Watershed and Degreed both exemplify modern innovation in L&D,” said Bill Conran, Vice President of Business Development and Strategy at Watershed. “Competitive advantage, more than ever before, lies in how information is learned and used with