Jolly Q3 Revenue Up 53 Percent
Jolly market share grows substantially in the US and brings Jolly a highly profitable quarter during a tough economy
SAN CARLOS, Calif. – December 3, 2008 – Today Jolly Technologies, the world’s #1 identity software company, announced record sales numbers for the third quarter ending November 30, 2008. Revenue numbers for the period were up over 53.4% from the same quarter a year prior and revenue for the first three quarters of the fiscal year are at record levels, up 40.2%.
“That our revenues continue to grow during this difficult economic period is a testament to the strength of our technology and commitment to customer service,” said Kurt Bell, Vice President of Sales & Marketing for Jolly Technologies. “We had expected a growth rate of 70% for the period, however, a pipeline of large enterprise sales is delayed in budgetary freezes. We feel we are in a strong position to expand at an increasing rate going into 2009.
“Our model of putting our research and development team in direct touch with our customers so that they get a clear understanding of the customer needs, our constant quest to excel our product offerings and exceed customer expectations, and our highly talented team of innovative engineers and product marketing executives have all played major roles in carrying us through this tough economic downturn and lead us to a profitable quarter.”
“The quarter saw a sharp increase in Lobby Track sales as our visitor management and entry/exit tracking solutions continue to gain acceptance as the technology leader.
“Major developments in the resale channel, advancements in online sales and exits by once major competitors have left ID Flow the clear #1 ID card product in the U.S. Market and we project that we will continue to increase our market-leading share. We’ve seen a strong resurgence in our barcode label software business as well: Label Flow sales are up sharply.
“This year Jolly has invested heavily in development of the European market and is beginning to reap the rewards. A full network of European distributors and resellers will soon be announced as agreements are finalized.
“We expect to finish CY 2008 strongly and are positioned to have a banner year in 2009: We will maintain our high level of research and development and will continue to diversify into vertical and overseas markets.”
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, Lobbytrack 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 industries 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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