Taleo Has Profitable 2nd Quarter

Taleo (profile; site) reported its second quarter results today, saying revenues climbed to almost $39 million, a 25 percent year-over-year increase. It also picked up 225 new customers and bought Vurv (profile; site).

The big news in its financial report is that the company turned a profit and beat analysts’ estimates. The company earned and adjusted 15 cents a share, which is 2 cents more than the consensus estimate. In terms of dollars, the company reported earning $1.1 million for the quarter vs. losing $1.8 million for the same quarter in 2007. (Numbers here include both GAAP and non-GAAP reports. See here for an explanation of what these mean.)

It got a boost from an 83 percent growth in international sales, which now represent 13 percent of company revenue. New customers from outside North America include Cargotec, Veolia, AirFrance, Baloise, Eiffage, Manpower, and Vic Roads.

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“Taleo achieved record performance across the organization, posted record revenues, and set a record for the number of new customers. Our results highlight both the growing demand for talent management solutions in large and small companies regardless of the economic environment,” said Michael Gregoire, Chairman and CEO of Taleo.

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.


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