Slow Quarter Doesn't Dim Saba's Hopes - 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

Slow Quarter Doesn't Dim Saba's Hopes

Learning-management system vendor Saba Software Inc. (SABA-Nasdaq) last week reported lackluster results for its first quarter ended Aug. 31. Also, president and chief operating officer Sebastian Grady resigned for personal reasons.

The vendor recorded a net loss of $11.2 million on revenue of $14.5 million, compared with a net loss of $19.1 million on revenue of $10 million for the same period last year. The company ended its last fiscal year in May with revenue of $53.1 million but a net loss of $62.8 million.

CEO and founder Bobby Yazdani blames the first-quarter showing on "a significant delay [among customers] on spending decisions." Saba still expects to be profitable by next year, Yazdani says, noting that interest in online training seems to be rising following last month's tragedies.

Ed Bierdeman, a senior VP at financial analyst firm Moors & Cabot, says that a million-dollar contract Saba signed with the U.S. Army and expanded relationships with clients, including General Motors, point to a bright long-term outlook. "The company displayed evidence of increased interest from customers," he says, "and it's well-positioned with the government."

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
2020 State of DevOps Report
2020 State of DevOps Report
Download this report today to learn more about the key tools and technologies being utilized, and how organizations deal with the cultural and process changes that DevOps brings. The report also examines the barriers organizations face, as well as the rewards from DevOps including faster application delivery, higher quality products, and quicker recovery from errors in production.
News
How to Create a Successful AI Program
Jessica Davis, Senior Editor, Enterprise Apps,  10/14/2020
News
Think Like a Chief Innovation Officer and Get Work Done
Joao-Pierre S. Ruth, Senior Writer,  10/13/2020
Slideshows
10 Trends Accelerating Edge Computing
Cynthia Harvey, Freelance Journalist, InformationWeek,  10/8/2020
Register for InformationWeek Newsletters
Video
Current Issue
[Special Report] Edge Computing: An IT Platform for the New Enterprise
Edge computing is poised to make a major splash within the next generation of corporate IT architectures. Here's what you need to know!
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