Kenexa Posts 13.3 Percent Reveue Loss

February 8, 2010 – Kenexa Corporation/(NASDAQ:KNXA), a global provider of business solutions for human resources, has posted revenues of $39.1 million for the fourth quarter ended December 31, 2009, a 13.3 percent decrease from revenues of $45.1 million a year ago. The company recorded net income of $294,000, or $0.01 per share, from a loss of $120.9 million, or $5.36 per share, in the year ago quarter. For the full year 2009, Kenexa reported total revenue of $157.7 million, compared to $203.7 million for the full year 2008. “Our fourth quarter financial results were consistent with our expectations, and were highlighted by 29 percent year-over-year growth in deferred revenue and cash flows from operations that were again strong at approximately $13 million,” said Rudy Karsan, CEO. “As we enter 2010, we continue to believe that Kenexa's financial performance will remain consistent with recent quarters as the unemployment rate approaches stability, which is currently expected to occur around the middle of the year. As this occurs, we believe that Kenexa is well positioned to begin scaling its quarterly revenue run rate.”