HackerRank, the developer skills company, today announced a record-breaking quarter fueled by increasing demand to recruit and hire tech talent virtually. The company reported its highest-ever level of new and expansion bookings — seeing a 100% increase in expansion revenue alone over the past year — as companies accelerate their remote hiring efforts due to broader shifts in the labor market.
Since January, HackerRank has assessed the technical skills of software developers around the world with more than 50 million code submissions, hitting a record of 10 million submissions in August alone. That increase in activity comes as companies across industries embrace a future of remote work and compete for talent in a sector that saw unemployment rates hit a two-year low during the last quarter.
The company also reported a 133% increase over the past year in bookings for its virtual interview product, which has now helped conduct more than 1 million real-time pair programming interviews. More than 16 million developers, representing 40% of the global developer population, trust HackerRank to sharpen their skills and connect with companies for career opportunities.
As part of that growth, HackerRank proudly announced that Cole Goeppinger has joined the company as Senior Vice President of Engineering. Cole brings a breadth of executive leadership experience in the talent space, including leading Engineering at Entelo, a recruiting automation platform, and Facebook, where he created and led the team that brought machine learning to the company’s internal recruiting products.
“HackerRank leads the pack when it comes to helping companies hire the tech talent they need to stay competitive,” said Goeppinger. “Moreover, the company’s reputation among developers is second to none, and I believe the work we are doing to reduce bias and increase diversity and fairness is critical to driving global innovation. I’m thrilled to join HackerRank during a period of such significant growth. If you’re as passionate about technology as you are about making a larger impact, I invite you to come join us!”
HackerRank is poised for strong momentum in the months ahead as the competition for technical talent grows increasingly fierce. In addition to continued adoption of remote work and accelerated hiring plans in the second half of 2021, the U.S. Bureau of Labor Statistics announced a record-high number of resignations in August, with 4.3 million Americans — 2.9% of the entire workforce — leaving their jobs as part of the so-called “Great Resignation.” To win the war for talent, companies worldwide, across all industries, are increasingly investing in tools like HackerRank for skills assessments and virtual interviewing tools to identify, vet, and hire hard-to-reach technical talent.