Were it not for one-time expenses in the not-yet-completed HotJobs purchase, Monster broke even in the 2nd quarter. But even considering the $5.2 million expense, the recruitment advertising company still managed to do better than the consensus of Wall Street analysts. Analysts expected a loss between 3 cents and 5 cents a share on revenue of $216 million. Monster, which reported its financial this afternoon , came in at break-even on earnings per share and $214.9 million on revenue
Alone among the publicly held HR technology companies, Taleo reported it both grew revenue and earned a profit in 2009. The company released its financial results for 2009, today, which, its chairman and CEO Michael Gregoire called, “A truly outstanding year.” Taleo had revenue of $198.4 million and profit of $1.3 million. In 2008, Taleo lost $8.1 million on revenue of $168.4 million. The bottom line got a huge boost in the 4th quarter when the company’s profit was $4.6 million, which included a one-time $2.5 million from the purchase of Vurv 18 months ago.
Monster is buying HotJobs. The news of the $225 million acquisition from Yahoo! was announced just moments ago in New York
Talent management vendor Kenexa eked out a small profit in the fourth quarter of last year, but still ended the year with a loss of $31.1 million. It was an improvement over the $104.7 million loss the company posted for 2008. However, that loss included a $167 million downward adjustment for goodwill.
In the first HR merger of the new year, Peopleclick and Authoria are combining to create a new company that will integrate the offerings of both companies into a comprehensive talent acquisition and management software suite. The merger was announced this morning by Bedford Funding , a private equity fund specializing in IT services and software.
Monster’s stock price is settling down today after a big bounce Thursday that came on news the company had been upgraded by an analyst for J.P. Morgan. “While we still expect soft results for the next few quarters, we are becoming increasingly confident in improvements made to Monster’s product offering and competitive positioning, which we believe bodes well for the company as the economy improves,” analyst Monica DiCenso wrote in a note accompanying her upgrade of the stock from neutral to “ overweight .” (In stocks, unlike body mass, an overweight recommendation is good for the company
Did somebody forget to tell Taleo we’re in a recession? The Dublin, California-based company has been on a tear this year, tripling its stock price as it declared itself officially on a shopping spree. As if to prove it isn’t just blowing smoke, Taleo, Tuesday, spent $16 million buying its strategic partner Worldwide Compensation Inc. , which sells global compensation planning solutions
A class action suit has been filed against Kenexa alleging the HR technology provider and RPO firm mislead investors in 2007 by not disclosing problems it was having with international sales and with its RPO business. The action, brought in federal court in Pennsylvania by Coughlin Stoia Geller Rudman & Robbins LLP , claims that between May 8, 2007, when Kenexa issued its first quarter report and Nov. 7th of that year, when the third quarter financial report was released, it “failed to disclose material adverse facts about the Company’s true financial condition, business and prospects.” As a result, the law firm claims that shareholders who bought stock between those dates lost value when on Nov 8th, the day after the third quarter results were announced, the stock plummeted 40 percent, dropping from $27.84 per share to $16.61 per share