UPDATE 1-SuccessFactors Q2 results beat estimates, shares rise
* Q2 adj shr break-even vs est $-0.10
* Q2 rev up 44 pct
* Narrows 2009 loss view
July 27 (Reuters) - Business-software maker SuccessFactors Inc (SFSF.O) posted break-even quarterly results that beat expectations, saying that it saw small signs of recovery, and narrowed its 2009 loss expectations.
For the second quarter, the company that provides software for human capital management, posted a net loss of $2.3 million, or 4 cents a share, compared with a net loss of $19.3 million, or 37 cents a share, a year ago.
The company's break-even results, excluding items, brings it closer to its target of being pro forma profitable by the first quarter of 2010.
Revenue rose 44 percent to almost $37 million.Analysts were expecting a loss of 10 cents a share, on revenue of $35.7 million, according to Reuters Estimates.
For 2009, SuccessFactors company slashed its expected loss to 6 cents to 7 cents a share, excluding items, from its previous loss view of 18 cents to 22 cents a share. [ID:nWNBB3428]
Shares of the San Mateo, California-based company rose 6 percent in trading after the bell, after closing at $10.34 Monday on Nasdaq. (Reporting by Sayantani Ghosh in Bangalore; Editing by Jarshad Kakkrakandy)
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