SOURCE: Taleo

June 18, 2008 08:00 ET

Taleo Raises Organic Guidance for Fiscal Year 2008

Reconfirms Prior Guidance for the Second Quarter of 2008

DUBLIN, CA--(Marketwire - June 18, 2008) - Taleo Corporation (NASDAQ: TLEO), the leading provider of on demand talent management solutions, today raised its stand-alone financial guidance for its fiscal year ending December 31, 2008 from $154-$157 million to $156-$158 million, an increase of over 22 percent year-over-year. In addition, the company reconfirmed prior guidance for the second quarter ending June 30, 2008 for revenue of $38.1-$38.4 million and non-GAAP earnings per share of $0.13 based on a fully diluted share count of 29.5 million shares.

Taleo will be hosting an analyst event today at 9:00am EDT in New York to discuss details of the company's pending acquisition of Vurv Technology, Inc. and the associated impact to Taleo's future financial performance. The event will feature speakers Michael Gregoire, Chairman and Chief Executive Officer, and Katy Murray, Executive Vice President and Chief Financial Officer. A live webcast and replay of the analyst event will be available on the Investor Relations section of Taleo's website at www.taleo.com.

About Taleo

Taleo (NASDAQ: TLEO) is the leader in on demand unified talent management solutions that empower organizations of all sizes, around the world to assess, acquire, develop and align their workforce for improved business performance. More than 1,700 organizations use Taleo, including 35 of the Fortune 100, for talent acquisition and performance management, with over 1.2 million users hiring 3.6 million employees from 86 million candidates in more than 190 countries and territories. Known for its strong configurability and usability, Taleo's talent management platform runs on a world-class infrastructure and offers 99.9% availability.

Forward-looking Statements

This release contains forward-looking statements, including statements regarding Taleo's future financial performance. Any forward-looking statements contained in this press release are based upon Taleo's historical performance and its current plans, estimates and expectations and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent Taleo's expectations as of the date of this press announcement. Subsequent events may cause these expectations to change, and Taleo disclaims any obligation to update the forward-looking statements in the future. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially. Further information on potential factors that could affect actual results is included in Part I, Item 1A of Taleo's Annual Report on Form 10-K, as filed with the SEC on March 14, 2008, Part II, Item 1A of Taleo's Quarterly Report on Form 10-Q, as filed with the SEC on May 12, 2008, and in other reports filed by Taleo with the SEC.

Contact Information

  • Investor Relations Contact:
    Carolyn Bass
    Matthew Bruemmer
    Market Street Partners
    (415) 445-3234
    ir@taleo.com