May 7, 2010 – Taleo/(NASDAQ:TLEO), a provider of on-demand talent management solutions, has posted first quarter 2010 revenues of $55 million, a 14.5 percent increase from $46.6 million during the same period a year ago. During the quarter, the company earned $800,000, or two cents per share, compared with a loss of $2.1 million, or seven cents per share, in the same period the prior year. Analysts polled by Thomson Reuters anticipated earnings of 15 cents per share on revenue of $52.5 million. “This quarter was a testament to a theme we are seeing across our customers' businesses: talent equals growth,” said Michael Gregoire, chairman and CEO. “As businesses move from cost-cutting to growth, they want insight to find and align the right people with the right initiatives. Customers and prospects alike are embracing Taleo's talent management solutions to provide that insight and drive their growth strategies.” Taleo has expanded its partnership with IBM to further connect and integrate their respective cloud solutions. Cast Iron Systems, recently acquired by IBM, enables companies to rapidly integrate Taleo Business Edition with other applications. “IBM and Taleo share a vision to provide customers with simplified solutions that optimize the cloud and give both the line of business and IT workers fast access to the information and processes they need to meet business goals,” said Dr. Angel Luis Diaz, VP of BPM and connectivity at IBM.
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