Earnings Call Excerpt
Taleo Corp. (TLEO)
Q3 2009 Earnings Call
October 28, 2009 4:30 pm ET
Executives
Nate Swanson - VP of IR
Mike Gregoire - Chairman and CEO
Katy Murray - EVP and CFO
Presentation
Operator
Hello, ladies and gentlemen and welcome to the third quarter 2009 Earnings Call. I would now like to turn the call over to Mr. Nate Swanson.
Nate Swanson
Good afternoon and thanks for joining us for Taleo’s third quarter 2009 earnings results conference call. This is Nate Swanson, Investor Relations for Taleo, and with me on the call today is Mike Gregoire, Chairman and Chief Executive Officer, and Katy Murray, Taleo’s Chief Financial Officer. Mike and Katy will offer our prepared remarks and then we’ll host the live Q&A call at 5:30 PM Eastern Time.
Please note that remarks today contain forward-looking statements. These statements include, but are not limited to, statements regarding Taleo’s future financial performance and future demand for our solutions. These statements are based solely on information available to Taleo as of the date of this call and should not be relied upon as representing Taleo’s views of any date subsequent to today.
Taleo undertakes no obligation to update these forward-looking statements to reflect events or circumstances after today. Our forward-looking statements are subject to a number of risks and uncertainties that can cause actual results to differ materially. We refer you specifically to the risk factors set out in our Form 10-Q/A as filed with the SEC on October 27, 2009, which is available through the Investor Relations section of our website at taleo.com or through the SEC’s website at sec.gov.
In addition, today we’ll be discussing GAAP and non-GAAP numbers. Our GAAP numbers and the reconciliation of our non-GAAP numbers to our GAAP numbers are contained in our Q3 2009 earnings press release in an undownloadable file on the Investor Relations section of our website.
In addition, please note that the replay of today’s call will also be available on our website.
And with that, I will turn the call over to Katy.
Katy Murray
Thanks, Nate and good afternoon everyone. As you’ve already seen in the press release issued earlier today we continue to execute and for Q3 we exceeded both application revenue and EPS guidance. We believe that Taleo management space continues to increase in importance and are pleased with our ability to execute this quarter.
Q3 was an important quarter for Taleo, as we launched several significant new products including Taleo 10 and the Talent Grid, while also recording strong non-GAAP operating margins and significant operating and free cash flow. We had a strong quarter in terms of application revenue growth with our application revenue up 5% sequentially to $44.9 million versus our guidance of $44 million to $44.5 million.
- To read the full transcript on Seeking Alpha, click here »
