It helps that the company continues to post strong revenue growth, with a 36% increase to $33.7 million in Q3. Taleo added 208 customers, bringing the total to 1,380. Some of the new ones include Abercrombie & Fitch
Taleo is also getting traction with its small-to-medium-size business (SMB) segment, which surpassed 1,000 customers in Q3. The company estimates this market at 226,000 customers, with a value of about $1.4 billion.
To further bolster its product offering, Taleo acquired WetFeet's Web-based recruiting product, WetFeet Recruiter, for an undisclosed amount. This product is focused primarily on the retail vertical.
But perhaps the most important initiative is Taleo's new product, Taleo Performance. I had a chance to see it, and it's definitely compelling. In fact, the interface looks more like Apple's
With all the momentum, Taleo has upped its full-year 2007 guidance to between $126.8 million and $127.2 million, which is up from the prior forecast of $124 million to $125 million. According to the company's CEO, Michael Gregoire, there are no signs of a slowdown, and he intends to keep the growth profitable. And as seen with today's move in the stock, which is up more than 15%, Wall Street likes the strategy -- despite what Ellison might think about the prospects for on-demand operators.
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