Trading Update

 

TIDMOCR 
 
RNS Number : 5080S 
OneClickHR PLC 
20 May 2009 
 

Embargoed Release: 07:00hrs Wednesday 20th May 2009 
 
 
 
 
OneClickHR plc 
 
 
('OneClickHR' or the 'Group') 
 
 
 
 
Trading Update 
 
 
 
 
OneClickHR, the AIM quoted HR software and solutions provider, is pleased to 
provide an update on current trading and will announce the following at its AGM 
to be held this afternoon. 
 
 
During 2009, the Group has continued to build on the success of its 2008 trading 
performance. Sales of software licences, revenues from SaaS customers and 
implementation revenues for the first 4 months of 2009 are all ahead of the 
comparative period in 2008. The Group has been cash generative during this 
period. 
 
 
The Group can report the sales pipeline for its HR.net software 
solutions remains strong. 
 
 
The growth in HR.net installations reflects the competitiveness of HR.net as a 
HR solution for enterprise customers. The group continues to enter new market 
sectors through new client contract wins and new clients include a significant 
private equity firm, a major overseas telecoms operator, and a housing 
association as well as businesses in the insurance sector, the defence sector 
and the retail sector. 
 
 
In line with the Group's strategy of expansion into new territories, OneClickHR 
has appointed sales partners in both Canada and the USA. These partners have 
achieved their first sales, adding the North American continent to the current 
list of overseas markets that already include Australasia, Europe, and the 
Caribbean. 
 
 
As stated in the 2008 Financial Results, the Group is re-branding HR.net as 
HR.net Enterprise and is developing a new product range. In accordance with this 
commitment, the Group is pleased to announce that it is on track for timely 
delivery of the improved range in mid-2009. The new products, branded as HR.net 
Lite, HR.net Express and HR.net Professional, replace legacy products developed 
for smaller organisations. As a result, the Group believes that its enhanced 
product range will mean that it can deliver a strong, modern product for any 
organisation, irrespective of size. 
 
 
In line with the stated intention to grow as a profitable and cash generative 
business, the Group is implementing a re-organisation of its training business 
to create cost efficiencies and, more importantly, to ensure the business is 
best placed to enhance future growth of the Group. No significant costs are 
expected to arise from this exercise. 
 
 
Frank Beechinor, chief executive officer of OneClickHR, commented: 
 
 
 "I am delighted the 2009 trading year has had such a positive start as a result 
of our improved sales and marketing activities. In spite of the economic 
downturn we have a strong sales pipeline for HR.net solutions. Businesses are 
continuing to take advantage of our products as they offer reduced costs and 
increased efficiencies. 
 
 
I am particularly pleased to announce our first customers in North America. This 
is a market that we have identified as being of distinct interest and our 
initial efforts have led to a growing sales pipeline from this market. I expect 
to be appointing additional sales partners in this territory to increase our 
presence. 
 
 
I also look forward to the forthcoming launch of our expanded range of HR.net 
software solutions. This will mean we can offer modern software to our installed 
base and importantly address the requirements of a broader range of 
organisations. 
 
 
The expansion into new markets and of our product range means that, during this 
time of economic uncertainty, we are well positioned to deliver increasing 
shareholder value." 
 
 
 
 
-Ends- 
 
 
 
 
Enquiries: 
 
 
+---------------------------------------------+----+----------------------+ 
| OneClickHR plc                              |    | +44 (0) 844 7700 250 | 
| Frank Beechinor, CEO / Stephen Oliver, CFO  |    |                      | 
+---------------------------------------------+----+----------------------+ 
|                                             |    |                      | 
+---------------------------------------------+----+----------------------+ 
| KBC Peel Hunt Ltd, Nominated Adviser and    |    | + 44 (0)20 7418 8900 | 
| Broker Richard Kauffer / Oliver Stratton    |    |                      | 
+---------------------------------------------+----+----------------------+ 
|                                             |    |                      | 
+---------------------------------------------+----+----------------------+ 
| Hansard Group                               |    | + 44 (0) 207 245     | 
| Adam Reynolds / Vikki Krause                |    | 1100                 | 
+---------------------------------------------+----+----------------------+ 
|                                             |    |                      | 
+---------------------------------------------+----+----------------------+ 
 
 
 
 
About OneClickHR: 
 
 
Designed and developed by OneClickHR plc the HR.net software was designed for 
rapid deployment in a standard web enabled environment. All users need is an 
internet browser. 
 
 
Available as a traditional licence purchase or as a SaaS (Software as a Service) 
solution HR.net Enterprise provides total flexibility to enable clients to 
configure their entire HR processes to meet local, national, international and 
company specific requirements. Annual Appraisals, Employee Self Service, 
E-Recruitment, Performance Management, Talent Management and Salary Reviews can 
all be swiftly implemented with the confidence of using up to date and accurate 
data. 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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