Feb 2011 - A Strengthening Recruitment Sector
Voyager Software reports record new business sales - indicating a strengthening recruitment sector.
Despite GDP slipping by 0.5% in the final quarter of 2010, it looks like the recruitment industry is bucking the trend. New business sales at Voyager Software are up over 50% in the period from July 2010 to January 2011. November was the best month in Voyager’s history with the 1st qtr of 2011 looking set to break another Voyager record.
YTD operating profits are up 41% on a like-for-like basis, and with a strong sales pipeline the next few months look promising for Voyager and customers alike.
“Our customers have always been an eclectic group of people”, says Paul Thompson Sales Director, “and recent months show the widest range of sectors, deployment options and funding methods. We’re pleased to say that in over the last quarter we’ve seen Voyager deployed to Brazil, France, UAE, Dubai, Spain and sunny Basingstoke – our home town – with companies such as Aldelia and 2B interface. But UK sales have also been strong, and that is a clear indication that many recruiters now have the confidence to invest.”
However, for the recruitment industry as a whole, it is not all rosy. According to Plimsoll.co.uk in their 2010 review of the industry, 157 recruitment companies in the market are finishing the year in financial difficulty with another 280 companies chasing sales despite mounting losses, rather than focusing on the bottom line.
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