Kenexa Posts 59 Percent revenue Jump

May 5, 2011 – Kenexa Corporation/(NASDAQ:KNXA), a global provider of business solutions for human resources, has posted revenues of $63 million for the first quarter ended March 31, 2011, a 59 percent increase from revenues of $39.7 million a year ago. The revenue gain was largely due to the acquisition of Salary.com. Non-GAAP net income available to common shareholders, was $3.7 million, compared to $2.2 million last year. “The first quarter was a strong start to 2011, with all major areas of our business performing at or above our expectations,” said Rudy Karsan, CEO. “With the economy improving and hiring beginning to increase, we are seeing a growing number of organizations looking for a strategic HR solutions provider that can help them transform their recruiting and overall talent management business processes.”