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:
- Appointed Josh Wright as Chief Economist to oversee the research and publication of iCIMS’ quarterly U.S. Hiring Trends Report, which has been featured in top publications such as Bloomberg BNA, The Wall Street Journal, Yahoo Finance and MarketWatch.
- New customer acquisitions included AmTrust Financial Services, Inc., John Q. Hammons Hotels Management, LLC, St. Josephs Healthcare System, and Dickey's Barbecue Restaurants, Inc.
- Garnered accolades from NJBIZ, TrustRadius, HRO Today and the Cloud Awards for efforts surrounding iCIMS’ corporate work environment, executive leadership and best-in-class software.
- Included in industry analyst reports by Forrester Research, Inc. (TechRadar™: People and Talent Technology, Q1 2016) and Bersin by Deloitte.
“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.
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.