UPDATE 1-Taleo Q2 adjusted profit tops Street

* Q2 adj EPS $0.14 vs est $0.12

* Q2 rev $56.3 mln vs est $55.7 mln

July 28 (Reuters) - Taleo Corp TLEO.O, a provider of software to recruiting and workforce management firms, posted an adjusted quarterly profit that topped Street expectations, helped by a nearly 12 percent rise in application revenue.

Net loss was $1.4 million, or 4 cents a share, compared with a loss of $0.1 million, or 1 cent a share, in the year-ago period. Adjusted earnings were 14 cents a share in the quarter ended June 30, 2010.

Revenue rose 15 percent to $56.3 million. Application revenue rose 11.7 percent to $47.9 million. Taleo signed 226 new customers in the quarter.

Analysts were expecting earnings of 12 cents a share, excluding items, on revenue of $55.7 million, according to Thomson Reuters I/B/E/S.

Shares of Dublin, California-based Taleo closed at $26.44 Wednesday on Nasdaq. (Reporting by Sudipto Ganguly in Bangalore; Editing by Aradhana Aravindan)