StepStone Solutions records best ever quarter in Q2 2010 adds 58 new customers in the US, UK, Asia-Pacific and across Europe
StepStone Solutions, a global leader in Software-as-a-Service (SaaS) Total Talent Management solutions, has recorded its second record revenue quarter in a row in the period April-June 2010, driven by the addition of 58 new customers in 17 countries, including the US, UK, China, Singapore, Hong Kong and across Europe. Revenues increased 22% over the equivalent period in 2009 and 10% over the first quarter of 2010. Earnings also increased strongly over prior periods in line with revenue growth.
New customers announced during the quarter included global travel provider Carlson WagonLit, insurance giant Munich Re, US-based Ash Grove Cement, Central Denmark Region, TUV Rheinland Japan, and Swedish Trains. In addition 94 existing customers increased their commitment to the company, buying additional products or modules from StepStones Total Talent Management Solution range. StepStone Solutions now provides talent acquisition and talent management technology to over 1,500 organisations in the US, Europe and Asia-Pacific.
Another quarter of sustained growth and profitability in Q2 2010 underlines the strength of our global offering in total talent management, said StepStone Solutions CEO, Matthew Parker. Combined with our very high rate of customer retention and the stability of our subscription revenue model, our continuing growth worldwide makes StepStone Solutions an increasingly attractive choice as business partner for global enterprises looking to strengthen their talent acquisition and management processes.