FinancialForce.com Achieves Record Quarter (Q1); Announces Office Expansion Plans
FinancialForce reported a record Q1 2013 in both bookings and run rate, with total revenue increasing in the first quarter by more than 90% along with doubled year-over-year headcount, Best Place to Work and AlwaysOn OnDemand 100 wins, and office expansions.
- (1888PressRelease) May 23, 2013 - FinancialForce.com, the cloud applications company, reported a record Q1 2013 in both bookings and run rate, with total revenue increasing in the first quarter by more than 90%. With an extremely strong sales pipeline and increasingly larger customers, the company continues its ambitious growth, signing several enterprise customers over the last 12 months.
FinancialForce.com also reported that its global headcount has doubled year-on-year and has grown from 150 employees at the end of FY 2012 to more than 200 today. The company plans to continue its aggressive hiring pace throughout the year. As a result, FinancialForce.com is expanding its downtown San Francisco and U.K. headquarters to accommodate the rapid growth. Office expansion plans are currently in development and employees are expected to move into the enlarged spaces in Q2 2013.
The company's rapid growth coincides with several industry honors. FinancialForce.com is named by San Francisco Business Times as one of the Best Places to Work in San Francisco. The award is based solely on employee satisfaction surveys, with honors given to the most outstanding companies. Additionally, FinancialForce.com recently won the British Finance Award's Software Product of the Year honor and was listed by AlwaysOn as a 2013 OnDemand 100 Top Private Company.
"Our explosive growth year-over-year is a testament to the quality of our people and products," said Jeremy Roche, CEO, FinancialForce.com. "We are not simply a company that builds cloud apps - our goal is to help customers realize their goals by delivering connected and trusted solutions that help differentiate their business. Our presence is making an impact in the industry-- people are talking about us and liking what they see."
About FinancialForce.com
FinancialForce.com is the cloud applications company. We build the #1 Accounting, Professional Services Automation and Billing applications on the Salesforce Platform. We serve fast-growing organizations and dynamic enterprises, helping them to align Finance, Sales and Service in a way that enables profitable growth. We are backed by two of the biggest and best players in the business, UNIT4 and salesforce.com.
To learn more please follow us on Twitter ( @ ) FinancialForce, visit our Facebook page or visit www.FinancialForce.com.
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