On-demand talent management provider Taleo Corporation came out of 2009 ahead. The numbers are in: Q4 revenue of $50.5 million; record Q4 cash flow from operations of $20.6 million; 186 new customers added in Q4; posts 25 percent year-over-year growth in application revenue; and Q4 GAAP and Non-GAAP fully diluted EPS of $0.13 and $0.23.
"Like many of our world-class customers, Taleo invested through the recession in our people and in product innovation, and we are now stronger competitively and financially," said Michael Gregoire, Taleo Chairman and CEO. "We are in a tremendous position to take full advantage of the recovery, and we plan to keep up our blistering pace of innovation to help our customers drive their own re-invention and growth."
In 2009, the company launched Taleo10(TM) talent management solution for enterprise and small and medium-sized business. It was announced a definitive agreement to acquire Worldwide Compensation, Inc., a provider of global compensation management technology.
2009 highlights included:
- GAAP revenues of $198.4 million, an increase of 18 percent year-over-year.
- GAAP application revenue of $173.5 million, an increase of 25 percent year-over-year.
- GAAP net income of $1.3 million or $0.04 per fully diluted share.
- Non-GAAP net income of $26.4 million, or $0.77 per fully diluted share, an increase of 48 percent year-over-year.
- Cash flow from operations of $50.7 million and free cash flow of $41.5 million.
- Signed 664 new customers, including 65 new Taleo Enterprise customers and 599 new Taleo Business Edition customers.
- Closed 25 large enterprise deals with annual contract values in excess of $250,000.
- Application revenue backlog increases to more than $350 million as of December 31, 2009.