Jolly Fiscal Year 2009 Revenue up 40%
Confident with revenue stream, Jolly plans expansion in early FY 2010.
SAN CARLOS, Calif. – March 24, 2009 – Today Jolly Technologies, the world's #1 identity software company, announced record sales for the fiscal year ending February 28, 2009. Revenue for the year is up 40% over FY 08. Revenue for the fourth quarter ending February 28, 2009 is up 39% over the same quarter a year prior.
"We're very pleased with the results from Q4," said Brian Bohn, Director of Business Development, Jolly Technologies. "The quarter's growth is quite respectable given the current economic climate and consistent with the full year - a very good sign. More importantly, during FY 09 our ID Flow line became America's #1 ID card software and Lobby Track, the technology leader in visitor tracking, emerged as a leading brand and continues to gain market share at a rapid pace."
"During FY 09 Jolly moved into international markets; broadened our vertical reach through product line expansion; made the transition from product to solution sales; and made key advancements in the one- and two-tier channel markets. This has yielded revenue stream consistency that will be exploited for further expansion. The pipeline moving into FY 10 looks both strong and stable."
Three major product line developments are scheduled for launch in the first half of FY 10, which began March 1, 2009, and will include a tracking solution based around Jolly's popular Label Flow software. Details of the three new developments will be outlined in coming weeks.
"We have been cautiously monitoring the world financial situation and its effect on our revenue streams," said Sandeep Jolly, President of Jolly Technologies. "Coming off two very strong quarters and with a promising pipeline for FY 10, I am confident that we will continue to see continued strong growth, even in the event of further economic downturn. I am very pleased that we're achieving incredible productivity numbers based on revenue per employee and have positioned Jolly to succeed, even in such a turbulent economic climate."
About Jolly Technologies
Jolly Technologies, founded in 2000, develops and distributes a suite of secure identification software products, including ID Flow, the world's #1 identification software, Lobby Track visitor/entry tracking software, access control software, and a variety of other custom security products. As the recognized leader in the rapidly growing secure identification market, Jolly Technologies is partnered with the industry's largest hardware manufacturers to offer complete solutions through our channel partners. Based in San Carlos, California, Jolly Technologies is one of the world's fastest growing software companies. For more information, visit www.jollytech.com or call toll-free 1-888-25-JOLLY.
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