Jolly Reports 23% Q1 Revenue Growth
Jolly's 23% Revenue Growth Leads to Record Quarter and Expansion
SAN CARLOS, Calif. – June 22, 2011 – Today Jolly Technologies, a market leader in tracking and identity software, announced continued dependable growth and record sales numbers. Revenue for Q1 FY 2012 is up by 23% from Q1 FY 2011, yielding an all-time record quarter and financing expansion.
“This quarter has been a successful one in terms of recruitment,” said Sandeep Jolly, CEO of Jolly Technologies. “Jolly has been searching diligently for the right talent for quite some time. This quarter we added strength to the engineering, sales, marketing and HR departments. We feel we’ve found the exceptional talent which will increase both our product output and our sales growth rate.
“On the sales side, the quarter started off strong with March revenue up 55% year-on-year. Global economic uncertainties led to slower double-digit growth in April and May. Over the last six years we have been through several such slowdowns; At this point it is too early to predict the impact of the current reversal of the economic mood. Jolly has achieved uninterrupted year-on-year growth for 24 consecutive quarters and we will continue to make efforts to keep this trend going.
“Jolly Technologies projects an overall successful year despite an uncertain economic mood. We have a history of growth even during slow downs, we feel the remainder of fiscal year 2012 appears promising. Extensive hiring of new talent and an added emphasis on marketing and sales will keep us moving forward. Expect a series of exciting new product line announcements in the coming months.”
About Jolly Technologies
Jolly Technologies, founded in 2000, develops and distributes a suite of secure identification software products, including ID Flow, the world's #1 identification software, Lobby Track visitor / event / entry / school tracking software, Asset Track asset management software, Label Flow barcode label software, and a variety of other custom security products. As the recognized leader in the rapidly growing secure identification market, Jolly Technologies is partnered with the industry's largest hardware manufacturers to offer complete solutions through our channel partners. Based in San Carlos, California, Jolly Technologies is one of the world's fastest growing software companies. For more information, visit www.jollytech.com or call toll-free 1-888-25-JOLLY.
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