Cytiva Software Inc. Announces Record Third Quarter
Emeryville CA (PRWEB) November 27, 2007 -- Cytiva Software Inc. (CRX - TSX Venture), a leading talent management software (http://www.sonicrecruit.com/?utm_source=D2net&utm_medium=q307Release) vendor, has released audited financial statements for the three-month period ended September 30, 2007.
Third quarter highlights include:
? 4% EBTDA profit compared to $218k loss in Q306
? 67% year over year increase in revenue
? 13th consecutive period of quarter-over-quarter growth
? 37% year over year increase in deferred revenue
The quarter was highlighted by new customer wins with McNeil Technologies, CafePress and Ocean Spray Cranberries; contract extensions with Mazda and Dyncorp and SonicOnboard onboarding software (http://www.sonicrecruit.com/?utm_source=D2net&utm_medium=q307Release) and SonicVendor vendor management module sales to existing clients like Mazda, TriZetto and Mannkind.
"Despite volatile financial markets, Cytiva?s third quarter results remain consistent," said Jason Moreau, CEO of Cytiva Software. "Strong sales, satisfied customers and SonicRecruit's recurring revenue model continues to fuel Cytiva's impressive results."
The release of audited Q3 financials comes on the heels of news that Cytiva has signed a letter of intent to acquire medical education administration and employee performance management software vendor, one45 software.
About Cytiva Software Inc.
Cytiva Software Inc. (CRX:TSX.V) provides innovative software and services to help mid-sized and Fortune 500 companies hire, manage and maximize their talent. Its flagship talent acquisition product, SonicRecruit, allows corporations to screen applicants, automate their recruiting departments, customize their corporate career sites and hire great people. This premier applicant tracking system (http://www.sonicrecruit.com/?utm_source=D2net&utm_medium=q307Release) improves recruiting effectiveness, speeding up the hiring process and reducing cost per hire. Over 175 organizations use SonicRecruit, including Coca Cola Bottlers, Mazda, American Standard, Restoration Hardware, Netflix and more. For more information, visit http://www.sonicrecruit.com
Ian Alexander
(510) 984-1986
The TSX has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by management.
Forward-looking Statements: This news release contains forward-looking statements related to the future financial condition and results of operations of Cytiva. These statements are based on current expectations and estimates about the human resources markets in which Cytiva operates and management's beliefs and assumptions regarding these markets. These statements are subject to important risks and uncertainties which are difficult to predict and assumptions which may prove to be inaccurate. Some of the factors which could cause results or events to differ materially from current expectations include but are not limited to: general economic conditions, market or business conditions; changing competitive environment; changing regulatory conditions or requirements; changing technology; and success in implementing productivity initiatives. Some of these factors are largely beyond the control of Cytiva. Should any factor impact Cytiva in an unexpected manner, or should assumptions underlying the forward-looking statements prove incorrect, the actual results or events may differ materially from the results or events predicted. All of the forward-looking statements made in this document are qualified by these cautionary statements, and there can be no assurance that the results or developments anticipated by Cytiva will be realized or, even if substantially realized, that they will have the expected consequences for Cytiva. Readers should not place undue reliance on any forward-looking statements. Further, Cytiva disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or any other occurrence.
Contact:
Ian Alexander
(510) 984-1986
This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: www.HRmarketer.com) on behalf of the company listed above.
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