May 5, 2010 – SuccessFactors, Inc./(NASDAQ:SFSF) has posted first quarter revenues of $43.8 million, an increase of 24 percent, compared to $35.2 million in the same period a year ago. The company posted a net loss of $4.7 million, or six cents a share, compared with a loss of $5.7 million, or 10 cents a share last year. “Something truly legendary happened this quarter,” said Lars Dalgaard, founder and CEO. Separately, SuccessFactors entered into a definitive agreement to acquire CubeTree, Inc., a leader in the social business software category. SuccessFactors is acquiring the company for $20 million in SuccessFactors’ stock plus a contingent cash payment three years from closing to bring the value of the total consideration to $50 million. The acquisition will strengthen SuccessFactors' core Business Execution Software strategy and directly align with its mission of helping companies get work done every day.
Share This Article