Taleo Posts 30 Percent Revenue Gain

May 12, 2011 – Taleo/(NASDAQ:TLEO), a provider of on-demand talent management solutions, has posted first quarter 2011 revenues of $71.5 million, a 30 percent increase from $55 million during the same period a year ago. During the quarter, the company posted a net loss of $2.2 million, or five cents a share, compared with earnings of $818,000, or two cents a share, last year. Michael Gregoire, Taleo's chairman and CEO, said: “Our momentum is based on a keen understanding of our customers — from the small, emerging business to the global corporation. We're innovating, executing and, where necessary, acquiring to make sure we have the broadest, most comprehensive platform in the market.”