Saba Posts 15.9 Percent Revenue Increase

July 27, 2010 – Saba/(NASDAQ:SABA), a provider of human capital management (HCM) solutions, has posted revenues of $29.6 million for the fourth quarter ended May 31, 2010, an increase of 15.9 percent compared to revenues of $25.6 million in the same period of the prior year. The company reported net income of $777,000, or three cents a share, compared with a net loss of $1.12 million, or four cents a share, in the year-ago period.. For fiscal year 2010, total revenues increased 6.6 percent to $109.6 million from $102.8 million in the prior fiscal year. Saba reported year-end net income of $2.89 million, or 10 cents a share, compared with a net loss of $2.4 million, or eight cents a share, in 2009. “Strong performance throughout fiscal year 2010 enabled Saba to post record financial results, deliver industry-leading product innovations and attract new customers worldwide,” said Bobby Yazdani, chairman and CEO of Saba. “Fiscal year 2010 was marked by strong revenue and earnings growth, setting the stage for continued profitable growth in fiscal year 2011.”

Share This Article


Notify of
Inline Feedbacks
View all comments