Replicon Reports Record Growth in Q2/11

SAN MATEO, CA — (Marketwire) — 07/28/11 — Replicon : , the global leader in Web-based timesheet software, today announced significant momentum in the second quarter of 2011. Fueled by strong demand for easy-to-use online time tracking solutions Replicon saw 50 percent revenue growth in Q2 2011 compared to Q2 2010 in its software-as-a-service (SaaS) offerings. Additionally, Replicon added more than 225 SaaS customers including small and mid-sized businesses as well as global enterprises in more than 25 industries.

"Businesses of all sizes have learned that simple, easy-to-use time tracking solutions are vital to managing productivity for maximum output and bottom line results," said Raj Narayanaswamy, Co-CEO at Replicon. "Replicon's continued growth reflects this strong and increasing demand and these numbers set the tone for our continued momentum and success leading the online time and expense tracking market."

Additional growth year over year include:

  • 50 percent increase in SaaS revenue
  • 59 percent increase in time-off forms submitted
  • 47 percent increase in timesheets submitted

Key customer growth:

  • Added 225 new customers in Q2
  • 16 percent increase in new customers with more than 1,000 employees from Q2 2010
  • 23 new enterprise customers

Replicon's products and leadership team continue to garner market recognition with awards and accolades, including:

  • Top Canadian Tech Company by Branham300
  • Ranked 13th among Alberta Venture's Fast Growth 50
  • Co-Founder Lakshmi Raj recognized as one of Top 100™ Most Powerful Women for 2010
  • Ranked on the Software 500 list for sixth straight year; climbed 30 spots in one year
Get started today.
Set up a free trial based on your business needs. Start Free Trial

News from week beginning 19th October

By Steve Brooks - October 26, 2020 What a week, with both Workday and Sage Intacct holding conventions. Several PSA vendors announced new releases including a major update from FinancialForce.…Read More

Replicon Announces Time Intelligence Platform for Cloud-based Solutions from SAP for the Professional Services Industry

Replicon Time Tracking for Service Organizations Delivers a Single Source of Truth for Time. Replicon announced today that its Time Tracking for Service Organizations application is available for purchase on…Read More

Webinar Recap: Uncover Huge Profits with Accurate Project Time Tracking

As remote employees become part and parcel of the new normal, most leaders are beginning to realize that they need a better way to manage their projects, people, time and…Read More

Consulting firms: 4 ways to improve billing & get paid on time

At the end of the day, your consulting firm relies on the assumption that a good percentage of clients will honor their payments promptly and accurately. In the professional services…Read More

5 ways to improve service delivery in your organization

In a highly competitive market, service-based businesses need to capitalize on any opportunity to set themselves apart from their (often very similar) competitors. While implementation, system details, and service management…Read More

Demystifying the millennial workforce: 5 tips from Trunk Club’s Andrew Anderson Devine

Time magazine labels the millennial generation the “most threatening and exciting generation,” infamous for “narcissism [and] its effect: entitlement.” In the workplace, the perception of the millennial workforce is no…Read More
  • Polaris
  • Cloud
  • In The News
  • Corporate
  • Professional Services Management
  • Project and Program Management
  • Shared Services Management
  • Time and Attendance Management
  • Workforce Management
  • Customer Feature
  • Feature Update
  • Time Intelligence
  • Industry News
  • Webinar Recap
  • Global Compliance Updates