SAN FRANCISCO, May 17 /PRNewswire-FirstCall/ -- Today, at SuccessConnect 2010, SuccessFactors, Inc. (Nasdaq: SFSF) released a new research report that explores the performance of SuccessFactors' "Return on Execution Portfolio" (SF ROX) and finds that its customers significantly outperform the market across NASDAQ, DOW and S&P 500.
In the study, "SF ROX: Investing in Execution Pays Dividends," SuccessFactors conducts a close analysis of its "Return on Execution Portfolio," which consists of public SuccessFactors customers across 14 industries, and finds that users of SuccessFactors Business Execution (BizX) Suite were almost three times more likely to capitalize strongly on the economic downturn that began in the fall of 2008. The full report can be found in the whitepaper, "SF ROX: Investing in Execution Pays Dividends," free to download at http://www.successfactors.com/research/overview/.
Previous SuccessFactors research has demonstrated that business results accrued from Business Execution Software grow over time and with strategic, ubiquitous usage. For this reason, the ROX portfolio consists of customers with heavy usage of the suite, with over half of total employees using at least three SuccessFactors software modules for at least three full quarters.
The new study reports on financial results between 10/1/2008 and 4/14/2010. During this period, the S&P 500 increased 4 percent, DOW 3 percent and NASDAQ with 21 percent, while the SF ROX portfolio increased 31 percent. In addition, companies in SF ROX were 2.8 times more likely to have strongly outperformed the market by gaining more than 65 percent. These results indicate that aligning strategy and execution, enabled by the SuccessFactors Business Execution Suite, was critical for companies to capitalize on the financial crisis.
"The strong market performance of SuccessFactors customers compared to the rest of the market demonstrates the link between better execution and tangible business results," said Erik Berggren, vice president of customer results and global research at SuccessFactors. "Using our Business Execution Software Suite, companies are able to bridge the gap between strategy and execution, resulting in better overall business performance and ultimately better financial return. This research affirms the value of our products and the importance of our business execution mission to company results."
About SuccessConnect 2010
With the driving forces of people performance and business alignment, SuccessConnect 2010 explores how the SuccessFactors Business Execution Suite can be best leveraged across all organizations to accelerate business execution and achieve real business results. SuccessConnect assembles SuccessFactors customers and partners, as well as industry analysts and thought leaders, to share experiences and discuss how to get the most out of SuccessFactors. SuccessConnect takes place in New York on May 10-11 and San Francisco on May 17-18 and will feature keynotes from EMC Corporation and Coca-Cola Enterprises, Inc.
SuccessFactors will also host its second annual customer conference in the Gold Coast, Queensland, Australia on August 16-17 and its third European conference in Frankfurt, Germany in October. Both conferences will deliver world-class content and keynotes from SuccessFactors executives and customers. The events will also include programs for prospective customers who want to learn more about SuccessFactors products and services.
For more information on all SuccessConnect 2010 conferences and to register, please visit: http://www.successfactors.com/successconnect/.
About SuccessFactors, Inc.
SuccessFactors (Nasdaq: SFSF) is the global leader in Business Execution Software. The SuccessFactors Business Execution Suite improves business alignment and people performance to drive breakthrough results for companies of all sizes, anywhere in the world. More than 8 million users and 3,000 companies leverage SuccessFactors every day. To learn more, visit: http://www.successfactors.com/.
Execution Is The Difference™
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SuccessFactors |
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Dominic Paschel, 415-262-4641 |
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Director of Public & Investor Relations |
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SOURCE SuccessFactors, Inc.
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