Taleo Records 24 Percent Revenue Jump

August 5, 2011 – Taleo/(NASDAQ:TLEO), a provider of on demand talent management solutions, has posted second quarter 2011 revenues of $69.7 million, a 24 percent increase from $56.3 million during the same period a year ago. The company recorded a loss $8.1 million, or 20 cents per share, compared to a net loss of $1.4 million, or 4 cents per share, a year ago. “We saw exceptional growth and momentum across key metrics in our second quarter,” said Michael Gregoire, Taleo's chairman and CEO. “We are seeing more customers standardizing on Taleo across all areas of talent management and they tell us that the talent intelligence they garner from Taleo is giving them a powerful competitive advantage.”