SuccessFactors, Inc. (SFSF) Financial News - SuccessFactors Ups 2010 Sales Outlook on Acquisitions
SuccessFactors, Inc. (SFSF)
SuccessFactors Ups 2010 Sales Outlook on Acquisitions
2010-07-27 08:22:21
Quote: Non-GAAP earnings were break even.Wall Street was expecting SuccessFactors to break even on revenue of$45.52 million. SuccessFactors, which recently acquired Inform and CubeTree,raised its outlook for the third quarter and fiscal 2010. The companyprojected revenue of $52.5 million to $53.5 million and break evennon-GAAP earnings. For 2010, SuccessFactors said it expects revenue tobe $198 million to $200 million. Earnings will be around break even. Relative to Wall Street estimates, SuccessFactors’ third quarter and 2010 outlook was mixed (statement).Revenue will be better than expected, but Wall Street was expecting a2010 profit of 2 cents a share. In addition, SuccessFactors’ new outlookincludes the contribution from Inform and CubeTree, two deals thatclosed in July. By the numbers: Original post...Open whole article (external link)