Our March HRintelligence eNewsletter has been distributed and it is chock full of industry intelligence, commentary and analysis for HR suppliers.
This month we continue to rate the health of the human capital marketplace as "Great,” even though only a few publicly traded "HR" companies released earnings since our last report and are listed below. However, there has been lots of M&A activity in the space and we see this continuing.
Read more about the recent M&A activity in the HR space…
- Gevity HR reported fourth-quarter profit fell on higher operating expenses, as revenue edged up slightly. Results missed analyst consensus estimates, sending shares down sharply in late February. On a brighter note, Gevity approved the repurchase of up to an additional 1 million shares, and increased its quarterly dividend to 9 cents from 7 cents. The company expects double-digit growth in 2006 profit and revenue.
- Oracle Corp. said fiscal third-quarter profit jumped 42% as sales of new licenses for its business applications jumped, helped by the acquisition of Siebel Systems Inc. and other software firms. Oracle has spent nearly $20 billion in the last 18 months acquiring makers of business-application software. While new license sales for Oracle's application software surged 77%, revenue from new database licenses rose just 4%.
- Workbrain Corporation recently reported 2005 Financial Results (Canadian GAAP financial results). The company achieved 56% annual revenue growth and posted record earnings in 2005. Workbrain reported revenue of US $88.7 million for fiscal year 2005, compared with US $57 million for 2004; an increase of 56%. Total revenue for the fourth quarter of 2005 was US $23.8 million, compared with US $17.8 million for the fourth quarter of 2004, an increase of 34%.
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