IQMS improves profitability 50% in first halfIQMS improves profitability 50% in first half
ERP software provider IQMS (Paso Robles, CA) improved profitability by 50% in the first half of 2010, while also increasing headcount, accelerating software development, and growing its number of new client companies. Randy Flamm, president and founder of IQMS, said his company is seeing strong gains year-to-date over last year. In spite of the industry-wide downturn in 2008 and 2009, Flamm said not only has IQMS not experienced lay-offs, but it has grown almost every department in the company by double digits.
July 20, 2010
ERP software provider IQMS (Paso Robles, CA) improved profitability by 50% in the first half of 2010, while also increasing headcount, accelerating software development, and growing its number of new client companies. Randy Flamm, president and founder of IQMS, said his company is seeing strong gains year-to-date over last year. In spite of the industry-wide downturn in 2008 and 2009, Flamm said not only has IQMS not experienced lay-offs, but it has grown almost every department in the company by double digits.
Compared to last year at this time, total employee growth is up 21% over last year. That figure is also up over 2008. IQMS says that by focusing on the small to mid-size manufacturing market and developing into new areas, it saw its new clients improve by 25%. Since last year, IQMS has released several new applications and modules, including the EnterpriseIQ BlackBerry application that allows for increased mobility, and the soon-to-be-released Process Monitoring module.
IQMS is bucking a broader forecast trend for ERP, according to industry watcher, ERP Software 360. In its latest outlook, the site described the ERP industry as "recession resistant, but not recession proof", and anticipated that hosted ERP systems growth would decline to about 12%. —[email protected]
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