Saba Reports Revenue Up, Acquires Ultris - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Saba Reports Revenue Up, Acquires Ultris

Saba Software reports strong fourth-quarter and yearly revenue, but projects flat earnings for the near future.

Saba Software Inc. reported strong fourth-quarter and yearly revenue Wednesday, but the E-learning software vendor projected flat revenue for the near future. That may be a sign that the E-learning market will feel the IT spending slump battering other enterprise software developers.

"The market is tough," says Trace Urdan, a W.R. Hambrecht equity research analyst. During a conference call, Saba CFO Terry Carlitz said that while the company is on track to break even, first-quarter earnings likely will be flat. Though Saba once seemed to be avoiding the effects of the economic slowdown, "they are still an enterprise software company, and it's getting harder to get customers to say yes," Urdan says.

But thanks to an increased customer base and expanded product lines, Saba reported triple-digit revenue growth for both the year and the fourth quarter. For the year ended May 31, Saba reported revenue of $53.1 million, an increase of 195% over $18 million last year. However, losses increased to $62,791 for the fiscal year, or $1.49 per share, compared with $54.4 million, or $2.94 per share, last year.

For the quarter, Saba reported a net loss of $10.4 million, or 24 cents a share, on revenue of $15.5 million. That compares with a net loss of $20.7 million, 67 per share, on revenue of $7.6 million for the same period last year.

The company also said it has agreed to acquire Ultris, a knowledge-management and collaborative-learning developer in Redwood Shores, Calif. The Ultris instant-messaging technology will be integrated into Saba Content, Saba's Web-based content-management platform.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of IT & Cybersecurity Operations 2020
The State of IT & Cybersecurity Operations 2020
Download this report from InformationWeek, in partnership with Dark Reading, to learn more about how today's IT operations teams work with cybersecurity operations, what technologies they are using, and how they communicate and share responsibility--or create risk by failing to do so. Get it now!
Slideshows
10 Cyberattacks on the Rise During the Pandemic
Cynthia Harvey, Freelance Journalist, InformationWeek,  6/24/2020
News
IT Trade Shows Go Virtual: Your 2020 List of Events
Jessica Davis, Senior Editor, Enterprise Apps,  5/29/2020
Commentary
Study: Cloud Migration Gaining Momentum
John Edwards, Technology Journalist & Author,  6/22/2020
Register for InformationWeek Newsletters
Video
Current Issue
Key to Cloud Success: The Right Management
This IT Trend highlights some of the steps IT teams can take to keep their cloud environments running in a safe, efficient manner.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll