Welcome to the May 2014 edition of our monthly news. This month sees many organisation’s delivering their financial results.
Local vendor TechnologyOne released their half year results with a 17% growth in Net Profit Before Tax on revenues of $87.5 million with the company on track to deliver 10 to 15% growth for the full year.
Workday posted record revenue, $159.7 million, up 74% year over year, for the first quarter of their 2015 fiscal year. Continuing with previous quarters they still posted an operating loss of $52.1 million, or negative 32.6% of revenues, compared to an operating loss of $32.6 million, or negative 35.6% of revenues, in the same period last year.
Cornerstone OnDemand also announced record quarterly results with quarterly revenue of $57.4 million, up 52% year-over-year. Gross profit for the quarter was $40.0 million, representing a 52% increase compared to the same period in 2013.
Finally LinkedIn also beat analyst estimates posting revenue $473 million in the first quarter, with a net loss for the quarter of $13.4 million. In the conference call for analysts LinkedIn stated that mobile is the fastest growth channel for member engagement now representing 43% of their monthly unique visitors.
At Cornerstone OnDemand’s customer conference CEO Adam Miller introduced Cornerstone Onboarding that will be included in the June 2014 Product Release. The new product will ensure new hires begin to immediately engage with the other modules of Cornerstone OnDemand such as learning, succession and goals.
Not to be left behind in the onboarding stakes Bullhorn also released Bullhorn Back Office Onboarding deliverying electronic new hire document management designed specifically for staffing firms.
The longly anticipated Workday Recruiting also made its debut during the month as part of Workday 22. Workday Recruiting has already been selected by 70 customers. Built with a mobile first approach it brings significant competition to the the recruitment market place.
NetSuite introduced TribeHR Mobile for iOS at the NetSuite SuiteWorld event. Initial functionality is fairly limited to News Feeds, Employee Directory, Time Off Requests and Recognition, with no word if an Android version is in the works.
Local time and attendance/rostering vendor Deputy has brought the Fatigue management and award interpretation modules from their Enterprise product and made them available in Deputy Premium. Note the award interpretation module is only available for Xero users.
After more than a year of development SeeraCloud, a cloud based competency framework recruiting platform, opened it’s door for business. SeeraCloud fundamentally changes the way you go about recruiting and focuses both recruiters and candidates on competencies over skill and keyword matching.
eLearning vendor Savv-e picked up three platinum awards at the most recent 2014 LearnX Impact Awards:
In early May Don Kirkpatrick, the so called “Father of the Four Levels” of learning evaluation passed away on May 9 at age 90. Kirkpatrick Model refers to the four levels of measuring the result of a training intervention. The four areas are students’ reaction to training (so called happy sheets), knowledge they took away from the training, any change in behaviour, and the longer term effect on business results.
Security is a hot topic, in fact with the rapid growth in cloud based solutions vendors need to ensure that their products are secure. Purchasers of technology should not just assume that your vendor is secure, even the myGov site and Apple have been having issues.
To combat some of the risks (admittedly not the ones necessarily being experienced by myGov and Apple), some vendors are moving towards two step verification. The latest to make the move is performance management vendor Small Improvements.
While we produce the only HR Technology survey looking at the Australian marketplace, it is not the only survey. Internationally there are very few surveys that have the same level of respect from industry veterans as the CedarCrestone’s Annual HR Technology Survey.
This is the 17th year of the survey, the final one that will have Lexy Martin’s involvement. Last year the survey collected over 1,200 responses, including those from over 355 global organisations.
If you have the time please head to http://www.cedarcrestone.com/hrssv3 and contribute to the results.
If you have HR Technology news you would like to share please let us know: firstname.lastname@example.org