SuccessFactors Reports Prelim Revs $97M vs $96.6M Est
SuccessFactors, Inc. (NYSE: SFSF) today announced that based on currently available, unaudited information, the Company expects fiscal 2011 fourth quarter GAAP revenue of approximately $97 million and non-GAAP revenue of approximately $100 million. The difference between GAAP and non-GAAP revenue is approximately $3 million associated with the net impact of acquisition related deferred revenue before fair value adjustment. Billings, defined as GAAP revenue plus change in deferred revenue, are expected to be approximately $144 million for the fourth quarter. Billings profit, defined as billings less non-GAAP cost of revenue and operating expenses, is expected to be approximately $44.5 million, which translates into a fourth quarter billings margin of 31 percent. Deferred revenue as of Dec. 31, 2011 is expected to be approximately $295 million. Cash flow from operations for the fourth quarter is expected to be approximately $24.0 million.
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