July 26, 2000
The Irvine provider of services for large corporations to manage human resources through the Internet posted a second-quarter loss of $13.8 million, or 40 cents a share, compared with a loss of $2.6 million, or 29 cents a share, for the quarter last year. Revenue totaled $8.2 million, up from $213,000. The company completed its initial public stock offering in June.
July 13, 2001
Exult Inc., an Irvine provider of human-resource services, reported that its loss for the second quarter widened to $24.8 million, or 27 cents a share, from $13.8 million, or 40 cents a share, a year earlier on a smaller number of shares outstanding. The loss for the recent quarter included $7.3 million in charges for such items as severance and facility consolidation. Revenue surged to $64.3 million from $8.2 million.
March 7, 2000 |
Emboldened by its ability to raise cash and its one major client, 16-month-old Exult Inc. plans to go public with an initial offering that would raise as much as $200 million, according to a document filed Monday with federal regulators. The Irvine Web-based personnel management company plans to use proceeds from the offering for working capital and other general corporate purposes, such as expanding the firm's client service centers, acquiring other firms and repaying outstanding debts.
December 10, 1999 |
In an unprecedented move to use the Internet for personnel operations, BP Amoco has tapped a new Irvine-based consulting firm to handle training, hiring and other human resources chores in a five-year deal worth $600 million. As part of an effort to trim $4 billion in expenses, BP Amoco said Thursday that it is turning over its human resources operations to Exult Inc., which opened shop just 14 months ago.
August 4, 2001
Exult Inc. said its new offering of 12 million shares of common stock has been priced at $13.34 a share. The Irvine company, which provides human resources services, increased the offering by 2 million shares from the amount originally planned. Exult is offering 8 million shares and shareholders are selling the remainder. Exult said it expects to receive about $100.5, after expenses and underwriting discounts and commissions.