TALEO CORP CL A
SymbolTLEO

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Taleo Delivers Strong Third Quarter Results

2009-10-28 16:10 ET - News Release

DUBLIN, CA -- (MARKET WIRE) -- 10/28/09

Taleo Corporation (NASDAQ: TLEO), the leading provider of on demand talent management solutions, today announced its financial results for the quarter ended September 30, 2009.

Summary quarterly highlights:

--  GAAP revenues of $50.7 million for the third quarter of 2009, an
    increase of 9% year-over-year.
--  GAAP application revenue increased to $44.9 million, growth of 20%
    year-over-year and 5% quarter-over-quarter.
--  GAAP net loss of $(1.1) million or $(0.04) per share.
--  Non-GAAP net income of $6.7 million, or $0.20 per fully diluted share.
--  Cash flow from operations of $13.6 million; total year-to-date cash
    flow from operations increases to $30.1 million.
--  Signed 167 new customers, including 17 new Taleo Enterprise customers
    and 150 new Taleo Business Edition customers.
--  Closed 7 large enterprise deals with annual contract values in excess
    of $250,000.
--  Signed more than 40 new performance management customers across both
    enterprise and SMB segments, increasing the company's total performance
    management customer base to more than 160.
--  Announced an agreement to acquire the remaining shares of strategic
    partner Worldwide Compensation, Inc.
--  Launched the Talent Grid 'cloud community' set of online exchanges to
    the market, and announced plans to deliver Taleo 10 in the fourth quarter
    of 2009.
    

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