HR Technology Vendor News by HRchitect

HRchitect featured SuccessFactors in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems vendors that businesses should consider. If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. We have unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation.

SuccessFactors, Inc. (Nasdaq: SFSF), the global leader in on-demand performance and talent management solutions, today announced results for its second fiscal quarter of 2009 which ended June 30, 2009.

“In a terrible environment, the quarter wasn’t,” said Lars Dalgaard, chief executive officer for SuccessFactors.

“We saw some small indicators of a recovery, but most importantly in this quarter the team in most segments and geographies has found a way to systematically get deals done in this market,” continued Dalgaard. “Most organizations are being very conservative about technology spending. And we don’t see that changing. With that said, we feel we proved we are the best positioned company in the industry to exploit our $16 billion market opportunity.”

SuccessFactors’ results for the second quarter fiscal year 2009:

– Q2 FY09 Revenue: Q209 revenue was $36.9 million, compared to prior company guidance of $35.5 million to $35.75 million, and compared to $25.7 million in the quarter ended June 30, 2008, an increase of 44% year-over-year, and an increase of 5% sequentially from Q109.

– Q2 FY09 Cash Flows Generated from Operations: For the quarter ended June 30, 2009, the company generated approximately $939,000 of cash from operating activities, compared to the ($6.4) million use in the quarter ended June 30, 2008. Total cash, cash equivalents and marketable securities at June 30, 2009 was $107.8 million.

– Q2 FY09 Net Loss per Share: On a GAAP basis, for the quarter ended June 30, 2009, the net loss per common share, basic and diluted, was $(0.04). The non-GAAP net income per common share, basic and diluted, was $0.00, which excludes approximately $2.4 million in stock-based compensation expense, compared to a non-GAAP net loss per share, basic and diluted, of $(0.10) in Q109 and $(0.33) in Q208. GAAP and non-GAAP net loss per common share calculations are based on 56.8 million weighted average shares outstanding during the second quarter of 2009.

Additional Second Quarter Fiscal 2009 Highlights:

– SuccessFactors signs the world’s largest enterprise cloud deployment with Siemens AG for 420,000 users. The electronics and electrical engineering giant has purchased a global enterprise subscription of virtually all of SuccessFactors’ modules to link strategy and executed business results with its worldwide corporate talent management vision, for 420,000 users across 80 countries in 20 different languages.
– SuccessFactors leads the way among enterprise cloud applications with more than 5.4 million users with one of the world’s largest-known enterprise cloud deployments of 300,000 users by one of the world’s largest retailers. SuccessFactors now has 4 customers with greater than 100,000 users, 12 customers with greater than 50,000 users, more than 35 customers with greater than 25,000 users, and more than 115 customers with greater than 10,000 users resulting in the most widely-deployed enterprise cloud application.
– SuccessFactors hosts over 1,000 customers and prospects over a two week period across the country for the first time bringing SuccessFactors’ annual user conference to them in the 2009 SuccessConnect Local events — keynotes from Vail Resorts in San Francisco, Ingersoll Rand in Chicago, and VWR International in New York City.
– SuccessFactors launches Employee Central, a revolutionary product for organizational insight and social collaboration for the enterprise. Employee Central is a new module on the SuccessFactors Performance and Talent Management Platform that allows companies to maintain centralized employee information with deeply integrated social networking and collaboration, giving employees, managers and executives a single, real-time hub to have a more complete picture of their people.
– SuccessFactors announces the general availability of SuccessFactors Express, a complete, automated performance management solution for companies with less than 50 employees. This on-demand solution helps emerging, high-growth companies to instantly create a performance review process, as well as track progress against critical company goals to ensure success of their small business.
– SuccessFactors partners with Ceridian to resell SuccessFactors Express as Ceridian Performance Management Express. Ceridian Corporation is a leading provider of managed human resource, employee benefits administration, tax filing, payroll outsourcing and talent management solutions.
– SuccessFactors continues to gain traction in Latin America with H-E-B of Mexico, an international supermarket retailer employing more than 6,000 people, using cloud computing and SuccessFactors’ Business Performance Suite to align goals, eliminate manual processes, prepare succession plans and leverage employee data to make better management decisions in order to save critical execution time and add value to the business success.
– SuccessFactors drives EMEA success moving Veolia Environmental Services to SuccessFactors’ Enterprise Cloud to drive business results from strategy to execution and manage growth, while facilitating mobility among company executives and leadership. With 2007 revenues of euro 9.2 billion, Veolia Environmental Services is the world leader in waste management with operations on every continent. Veolia Environmental deployed SuccessFactors to start with 3,000 executives and managers across five countries out of 100,000 employees.
– SuccessFactors opened registration for its inaugural 2009 SuccessConnect Local — Asia Pacific user conference to take place in Melbourne, Australia on August 13th to 14th, an event expected to bring together customers across many countries in the Asia Pacific region.

Guidance:

SuccessFactors is initiating guidance for its third quarter and is raising its full fiscal year 2009 EPS guidance.

– Q3 FY09: Revenue for the company’s third fiscal quarter is projected to be in the range of approximately $37.2 million to $37.5 million. Non-GAAP net income per common share, basic and diluted, is expected to be approximately breakeven. Non-GAAP net loss per common share estimates exclude the effects of estimated stock-based compensation expense and assume an average weighted share count of approximately 57.2 million shares.

– Full Year FY09: The company is raising guidance for full fiscal 2009 revenue from approximately $145 million to $146 million, or 30% annual growth, to approximately $147 million to $148 million or 32% annual growth. The company now expects the non-GAAP net loss per common share for fiscal 2009 to be in the range of ($0.06) to ($0.07); previous guidance had been in the range of ($0.18) to ($0.22). Non-GAAP net loss per common share estimates exclude the effects of estimated stock-based compensation expense and assume an average weighted share count of approximately 57 million shares.

For more information on SuccessFactors, please visit www.successfactors.com

 
Matt Lafata, HRchitect