Taleo Grows Revenue; Beats The Street

Jul 28, 2010
This article is part of a series called Financial.

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.

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.

This article is part of a series called Financial.