Taleo Corp. (TLEO) reported that its fourth-quarter net loss attributable to Class A common stockholders widened to $911 thousand, from $620 thousand in the same quarter last year. Loss for the quarter unchanged at $0.02 per share.
Non-GAAP net income was $11.61 million or $0.26 per share, up from $9.76 million or $0.23 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.23 per share for the quarter. Analysts' estimates typically exclude special items.
Net revenues for the quarter rose to $84.77 million from $67.22 million in the prior year quarter. Non-GAAP net revenues for the quarter rose to $86.34 million from $71.15 million in the prior year quarter. Eighteen analysts had consensus revenue estimate of $86.77 million for the quarter.
Earlier today, Oracle Corp. (ORCL) announced that it has entered into an agreement to acquire Taleo for $46.00 per share or about $1.9 billion, net of Taleo's cash and debt. The transaction is expected to close mid-year 2012.
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