SuccessFactors Posts 30 Percent Revenue Increase

October 29, 2009 – SuccessFactors, Inc./(NASDAQ:SFSF) has posted third quarter revenues of $38.7 million, an increase of 30 percent, compared to $29.7 million in the same period a year ago. The company posted a net loss of $2 million, or three cents per share, down from a loss of $20.4 million, or 37 cents per share, in the third quarter of 2008. Excluding $2.6 million in stock-based compensation expense, SuccessFactors earned $589,000, or one cent per share. Analysts surveyed by Thomson Reuters expected the company to break even for the quarter. “Execution is the number one imperative in business today,” said Lars Dalgaard, CEO. “As businesses emerge from the economic downturn and plan for 2010 and beyond, they must move forward with new strategies to execute on their growth and profitability plans.” SuccessFactors is a global provider of on-demand performance and talent management solutions.