Saba Posts Small Fiscal Q2 Revenue Increase

January 5, 2012 – Saba/(NASDAQ:SABA), a provider of human capital management (HCM) solutions, has posted revenues of $30.4 million in the second quarter of fiscal year 2012, up four percent from $29.2 million in the same quarter last year. GAAP loss per share was $0.16 in the second quarter of fiscal year 2012 compared to a loss per share of $0.03 in the same period last year. Non-GAAP loss per share was $0.10 in the quarter compared to earnings per share of $0.02 in the second quarter of the last fiscal year. “With cloud billings growing over 80% for the second straight quarter, we believe we have emerged as one of the fastest growing public cloud businesses,” said Bobby Yazdani, founder and CEO of Saba. “We signed twice as many one million dollar deals this quarter as we did last quarter, and in the second quarter alone, we added over one million subscribers to the Saba People Cloud.”