Our latest HRintelligence eNewsletter has been distributed and it is chock full of industry intelligence, commentary and analysis for HR suppliers.
We maintain our "Great" health rating this month of the human resource marketplace as a result of continued strong earnings from major HR suppliers (see below), new companies entering the space, and voiced optimism from HR suppliers. In fact, we recently participated in HR.com's CEO Networking Breakfast and virtually all CEOs were pleased with their 2005 growth and optimistic about 2006 - and we can personally validate this. At HRmarketer.com, we sell services to HR suppliers, so when their business slows, our business is negatively impacted. But this hasn't been the case because we recently reported record sales growth and membership for 2005.
- Talx announced a 3-for-2 stock split.
- Workstream Inc. announced its fiscal second quarter financial results for the period ended November 30, 2005. The company reported second quarter 2006 revenue of $7,200,000. The Company's EBITDA loss was $1,718,000.
- Saba reported financial results for its second quarter ended November 30, 2005. Total revenues in the second quarter of fiscal 2006 were $16.2 million, representing a 57% increase compared to $10.3 million in the same quarter last year. Net profit was $131,000, compared to a net loss of $682,000, in the same quarter last year.
- Paychex declared a regular quarterly dividend of $.16 per share.
- Concur Technologies reported financial results for its first quarter ended December 31, 2005. Concur reported revenue for the first quarter of fiscal 2006 of $19.3 million, which was driven by 26% year-over- year growth in subscription revenue. Total revenue for the quarter was up 18% from the year-ago quarter. Fiscal 2006 first quarter net income was $0.6 million, or $0.02 per share, which was $0.04 per share higher than the company expected. This compares to net income of $0.5 million, or $0.01 per share, in the year-ago quarter.
- General Employment Enterprises reported net income of $128,000 for the quarter ended December 31, 2005, compared with net income of $119,000 for the same quarter last year. The Company's consolidated net revenues for the quarter were $4,713,000, down 3% from $4,882,000 last year. Contract service revenues of $2,638,000 were down 11% from last year, while placement service revenues of $2,075,000 increased 8%.