Saba Posts 13 Percent Revenue Gain

September 28, 2011 – Saba/(NASDAQ:SABA), a provider of human capital management (HCM) solutions, has posted revenues of $30.6 million for the first quarter fiscal year 2012, up 13 percent from $27.2 million in the same quarter last year. GAAP loss per share was $0.20 during the quarter compared to a loss per share of $0.06 a year ago. “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.”