In its 14-year history, this is the first time that Adrenaline eSystems Limited, a global product and software solutions company in HR automation has recorded a double digit growth at the end of second quarter of 2016-17, ending 30 September 2016.
Krishna G V Giri, Chairman & CEO said,
We have delivered great results and double digit growth in the second quarter. I have been quite keen to position Adrenalin amongst the premium HCM product segment. Over the last 6 months my focus has been to re-organize and re-structure the team, ensure there is a clear measure of outcome based efforts and focus on branding, delivery excellence and the product revamp. Today we have started seeing the results of that change that we have initiated. Adrenalin has added 85 new logos in South Asia, Middle East and Asia-Pacific to Adrenalin’s increasing list of Marquee customers which clearly brings out the growing popularity of the product in the market.”
Adrenalin also issued a bullish forecast for coming quarters of the current fiscal year given its strong business pipeline in countries like Philippines, and future plans are to expand to markets like Australia, China and Japan with Adrenalin’s dedicated offices in APAC region to provide strong push in expanding the regions and numbers.
Adrenalin almost doubled its revenue during the first half of the year in comparison to the previous fiscal year. This is a direct result of continuous improvement and focus on product by incorporating customer and market feedback, development of user friendly interface, fresh and innovative brand positioning through channels like “The Economist” Magazine and participation in high profile events to position Adrenalin amongst the top players in the Asia Pacific Region.
Adrenalin is a comprehensive, (web-based) human resource management software which automates the entire HR processes right from hire to retire. Adrenalin has closed its books with positive bottom-line and Giri was confident of doubling the top-line & bottom-line during the second half of the fiscal year.