Saba Announces First Quarter Fiscal Year 2012 Results

Total quarterly billings up 18% with cloud billings growing 81% year-over-year

Cloud revenue grew 59% year-over-year

Subscription revenue up 26% year-over-year; representing 61% of total revenues

Subscription revenue gross margin expanded to 77%

Total deferred revenue increased 29% year-over-year to $43.9 million


SABA, Saba Software Inc.

Saba (NASDAQ:SABA), the premier People Cloud provider, reported financial results for its first quarter ended August 31, 2011.

“We started fiscal year 2012 with strong quarterly performance in billings and revenue growth, and gross margin expansion,” said Bobby Yazdani, Founder and CEO, Saba. “Our strength this quarter was broad-based across geographies and market segments – global enterprises, large enterprises, and mid-market enterprises. As we continue to make significant progress on our transition to the cloud, Saba is establishing itself as the vendor of choice and strategic partner to organizations seeking to transform the way their people network – employees, partners, customers, and franchisees – works, collaborates, and learns.”

Total GAAP revenues were $30.6 million in the first quarter of fiscal year 2012, up 13% from $27.2 million in the same quarter last year. Total non-GAAP revenues in the first quarter of fiscal year 2012 were $30.9 million, up 14%, compared to $27.2 million in the same quarter last year. Non-GAAP revenues reflect the impact to revenue of fair value adjustments to deferred revenue due to acquisitions.

Saba enables organizations to build a transformative workplace that leverages the advent of social networking in business and the ubiquity of mobile to empower an organization’s most mission-critical assets – its people. The company provides a unified set of People Cloud Applications including learning management, talent management, enterprise social networking and real-time collaboration delivered through the Saba People Cloud. Saba solutions help organizations leverage their people networks to become more competitive through innovation, speed, agility, and trust.

More about SABA at www.saba.com

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