Benefitfocus announces third quarter 2015 financial results
November 4, 2015
Total Revenue of $45.4 Million Grew 33% Year-Over-Year
CHARLESTON, SC – Benefitfocus, Inc. (NASDAQ:BNFT), a leading provider of cloud-based benefits software solutions, announced its third quarter 2015 financial results.
“Benefitfocus reported record third quarter financial results that exceeded expectations from both a revenue and profitability perspective,” said Shawn Jenkins, Chief Executive Officer of Benefitfocus. “We experienced strong customer activity in both our carrier business and employer business resulting in the best quarter in the company’s history. In addition, once again our software services revenue retention rate was over 95%.”
Jenkins added, “We are also pleased to announce we recently signed the largest employer transaction in the company’s history, which serves as a significant testament to the value the Benefitfocus platform brings to our customers. We remain focused on delivering a best-in-class cloud-based benefits management solution to our customers and we are confident that our expanding product portfolio and industry leadership puts us in an excellent position to capitalize on this multi-billion dollar market opportunity.”
