HRsmart Inc., a leading provider of web-based talent management solutions, and one of the fastest growing and most profitable firms in the industry, today announced record fourth quarter financial results for the period ending December 31, 2003.
For the fourth quarter in a row, HRsmart reported record growth in net income and revenue compared to the corresponding quarter of the previous year.
Revenues for the fourth quarter 2003 increased by more than 150% when compared to the fourth quarter 2002.
Net income for the fourth quarter 2003 rose by more than 200% percent when compared to 2002 fourth quarter results.
The fourth quarter was a period of strong performance and continued growth for HRsmart. During the quarter, HRsmart saw significant sales activity in key markets, including energy, technology, banking and financial services, publishing and insurance. Some of the new accounts added during the quarter include Valero Energy Corporation, Houghton Miflin, Red Hat Inc., Novastar Financial, CompuCom Systems and RLI Insurance. Operations also continued to expand on a worldwide basis with significant gains in Latin American markets.
The depth and breadth of our products, combined with the efforts of our many talented employees and the pleasant experience and support of our customers, give us reason to believe that HRsmart will continue such impressive growth in 2004 and beyond, said Mark Hamdan, president and CEO of HRsmart.
HRsmart announces record fourth quarter financial results
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