ZALARIS: 2015 First quarter results
Zalaris with another record quarter
Zalaris delivers yet another record quarter in the first three months of 2015 with a 27 per cent revenue growth.
Zalaris, a leading provider of payroll and HR services, continues to deliver record-high quarterly results compared to the same period in previous years. In the first quarter this year, the company saw a revenue increase in all segment areas, resulting in overall revenue growth of 27 per cent compared to Q1 2014 - reaching NOK 94 million.
"I am extremely proud of our hard-working employees who all deliver value for our customers and our shareholders. Leading companies increasingly recognize our services and outsourcing advantages to achieve significant cost savings as well as operational efficiencies. Considering our strong position in HR outsourcing, we are optimistic for the future," says Hans-Petter Mellerud, CEO and founder of Zalaris.
Zalaris is now serving more than 170,000 employees with its payroll and HR services in some of the largest companies in the Nordic region. In January,
Zalaris signed a significant agreement with a Swedish Fortune 500 company with approximately 20,000 employees in the Nordics. As a result of the
agreement, 13 employees transferred to Zalaris in the beginning of March with a revenue impact from that month. This was one month earlier than previously announced.
"We experience increased interest for our services in all the countries where we operate, especially within our cloud solutions. We see, for example, an interest in the new mobile app that supports paper free travel expense processes," Mellerud says.
Zalaris also reports that the strengthening of the India operations is on track. As previously announced, Zalaris is establishing its own India-based service operations. As a result the current service team, which is operated by a partner, will transfer to Zalaris and be localized in Zalaris' own Indian premises as of this coming summer.
Contact
Hans-Petter Mellerud, CEO and founder
Mobile: +47 928 97 276
E-mail: hans-petter.mellerud@zalaris.com
Nina Stemshaug, CFO
Mobile: +47 982 60 394
E-mail: nina.stemshaug@zalaris.com
About Zalaris
Zalaris excels in delivering comprehensive cloud-based HR and payroll services. The company is certified as a SAP Business Process Outsourcing (BPO) Partner and is a leading SAP Human Capital Management (HCM) and SuccessFactors consulting partner. Founded in 2000, Zalaris today operates in Denmark, Estonia, Finland, India, Latvia, Lithuania, Norway, Poland and Sweden, including local-language service centers with extensive expertise in HR-related laws and regulations. Learn more about Zalaris at www.zalaris.com