SAN MATEO, CALIF. (AP) - Business software maker SuccessFactors Inc. said Monday its loss in the second quarter widened, hurt by stock options expenses and higher operating expenses.
For April through June, the company said its net loss was $4.5 million, or 6 cents per share. In the same period a year earlier, SuccessFactors’ net loss was $2.3 million, or 4 cents per share.
Excluding about $4.5 million in stock options expenses, SuccessFactors said it broke even on a per-share basis. That is what analysts surveyed by Thomson Reuters had forecast.
Revenue rose 27 percent to $46.8 million from $36.9 million in the year-ago quarter, more than the $45.5 million Wall Street had expected.
Operating expenses jumped 25 percent to $39.2 million.
The company said it expects to break even on an adjusted per-share basis in the current third quarter and for the full fiscal year.
SuccessFactors’ shares rose 30 cents, or 1.3 percent, to $22.70 in after-hours trading. They slipped 40 cents to $22.40 during the regular session before the release of the company’s earnings report.
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