Taleo Grows Revenue; Beats The Street

HR software vendor Taleo grew its revenue and customer count during the second quarter of this year and though it also grew its net loss, the company beat Wall Street’s earnings estimates.

The company reported this afternoon that it lost $1.4 million, up from just $113,000 in the same quarter last year. Stock options and costs relating to previous acquisitions totaling $6.9 million were responsible for the loss. Not including these expenses (which analysts don’t include in their estimates) and some minor other one-time expenses, Taleo earned 14 cents a share. That was 2 cents better than the analyst consensus.

Revenue from applications (software)– $47.9 million —  was almost 12 percent than the same quarter a year ago. That boosted the quarterly revenue to $56.3 million, for an overall increase over the year before of 14.6 percent.

Article Continues Below

Of the 226 new customers signed in the quarter, eight of the deals exceeded $250,000 annually.

Taleo also reported that CFO Katy Murray would leave by Oct. 1. She earns $315,000 and received a 2009 bonus of $126,000, according to the San Francisco Business Times.

John Zappe is the editor of TLNT.com and a contributing editor of ERE.net. John was a newspaper reporter and editor until his geek gene lead him to launch his first website in 1994. He developed and managed online newspaper employment sites and sold advertising services to recruiters and employers. Before joining ERE Media in 2006, John was a senior consultant and analyst with Advanced Interactive Media and previously was Vice President of Digital Media for the Los Angeles Newspaper Group.

Besides writing for ERE, John consults with staffing firms and employment agencies, providing content and managing their social media programs. He also works with organizations and businesses to assist with audience development and marketing. In his spare time  he can be found hiking in the California mountains or competing in canine agility and obedience competitions.

You can contact him here.


Leave a Comment

Your email address will not be published. Required fields are marked *