iCIMS Highlights Strong Financial Performance and Continued Growth in Q1 2016
Leading cloud-based recruitment software provider closes Q1 2016 with solid growth in revenues and continued profitability

MATAWAN, N.J. (May 3, 2016) - 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:

“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

iCIMS is the leading cloud platform for recruiting. iCIMS enables companies to manage and scale their recruiting programs through an award-winning end-to-end talent acquisition platform and an ecosystem of nearly 300 integrated partners. Established in 2000, iCIMS supports more than 4,000 customers, including nearly 20% of Fortune 100 companies, hiring 4 million people each year. For more information, visit www.icims.com.