August 4, 2010
Kronos Revenues up 11%
By Brandon Butler
Kronos Inc., a Chelmsford-based workforce management company, announced an 11 percent year-over-year increase in revenues to $185 million during the most recent quarter.
The company is privately held, so it only reports limited financial data, but in a press release the company announced that earnings before tax, interest and amortization were $47.4 million during the third quarter. That is a 24 percent increase in earnings from the same period a year earlier.
Last quarter the company announced $41.3 million in earnings on $177.9 million in revenues.
The company produces time and attendance, scheduling, absence management, HR and payroll, hiring, and labor analytics applications. It has been privately held since 2007.
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