Jolly Reports Modest Q3 Growth
SAN CARLOS, Calif. –Dec 28, 2009 – Today Jolly Technologies, the world's #1 identity software company, announced modest growth for the quarter year ending November 30, 2009. Revenue for the quarter is up 6% over the same period FY 09.
Jolly attributes a slow start to the quarter to restricted budgets in the state and local government markets that pushed some business out indefinitely. October and November showed strong rebounds and significant growth which continued Jolly’s long stream of quarter on quarter revenue growth.
"I think we have finally experienced the economic downturn, but it didn’t last long and we recovered nicely," said Kurt Bell, VP of Sales & Marketing, Jolly Technologies. "We are continuing to invest heavily in sales and marketing both in the U.S. and abroad and expect sharper growth to come. Headcount in development, marketing and finance was increased during the Q3."
Jolly plans to announce major new version and edition releases and with highly sought features early in 2010.
Jolly’s software products are now available though Jolly Technologies and its network of resellers and distributors.
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, Asset Track asset management software, Label Flow barcode label 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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© 2009 Jolly Inc. All rights reserved. All other trademarks are the property of their respective owners.
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