Kenexa, a global provider of talent acquisition and retention solutions, reported total revenue of $54 million during their Q3 financial report, representing an increase of 15 percent over the $46.8 million reported for Q3 of 2007.
Both subscription and professional services revenue increased, with the latter reporting an increase of 28 percent from 2007.
Kenexa also said they added more than 40 “preferred partner” customers during the quarter, defined as customers that spend more than $50,000 annually.
They announced the release of a learning management system, Kenexa Learning Management, which further expands Kenexa’s global talent management offerings and enables customers to rely on a single source for recruiting, onboarding, assessment, learning, and career development.
Rudy Karsan, CEO, said, “Our third quarter results were consistent with out revised guidance issued in early September. However, over the course of the last several weeks of the quarter, the business environment deteriorated further and caused customers to pause as they evaluated how the changing economic climate would impact their business.
For the full year of 2008, Kenexa said they expected total revenue to be $203.6 million to $205.6 million. Fourth-quarter results are projected to be about $45 to $47 million.
November 4th, 2008 at 12:39 pm
This article is evidence of profit that was and the way it will be for recruiting companies in the foreseeable future.