UPDATE 1-SuccessFactors Q3 rev view tops Street; to offer shares

Thu Oct 15, 2009 10:28pm BST

Related Topics

* Sees Q3 rev of $38.2 mln - $38.7 mln above estimates

* Ups FY 09 rev view to $149.7 mln - $150.6 mln

* Says to offer 10 mln shares of common stock

* Shares fall 4 pct in extended trade

Oct 15 (Reuters) - Business-software maker SuccessFactors Inc SFSF.O forecast better-than-expected third-quarter revenue and said it plans to offer 10 million shares.

Shares of the San Mateo, California-based company were down 4 percent at $15.02 in trading after the bell. They closed at $15.70 Thursday on Nasdaq.

The company, which provides software for human capital management, expects third-quarter revenue of $38.2 million to $38.7 million, an increase of 30 percent from year ago period.

Analysts were looking for revenue of $37.6 million, according to Thomson Reuters I/B/E/S.

The company expects third-quarter bookings of $49.1 million to $49.6 million.

The company also raised its fiscal 2009 revenue outlook to about $149.7 million to $150.6 million from its prior expectation of $147.0 million to $148.0 million.

Analysts on average were expecting revenue of $148.5 million. (Reporting by Shrutika Verma in Bangalore; Editing by Aradhana Aravindan)

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