Worst and Best for SuccessFactors

SuccessFactorsThe company lost money, but it significantly improved its performance over 2008. A year ago it reported losing $65 million. For 2009, it cut the loss to $12.6 million, while increasing its revenue by 36.8 percent.

No surprise, then, that Lars Dalgaard, SuccessFactors’ founder and CEO, says, “In the worst economic year, SuccessFactors had our best year.”

The numbers, however, failed to impress Wall Street when they were released last week. Shares of SuccessFactors dropped immediately after the financials were released, in large measure on the basis of the company’s prediction that it would be at break-even in 2010. Analysts were expecting a profit of 11 cents a share, after excluding special and one-time expenses.

Article Continues Below

The company also announced it would buy Inform, a workforce planning technology provider, for $40.5 million in cash and stock.

Since the Feb. 4th release, company shares have recovered nicely and today closed at $16.25, down somewhat from the $16.49 of Feb. 3.

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.


1 Comment on “Worst and Best for SuccessFactors

Leave a Comment

Your email address will not be published.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