NEW YORK (Thomson Financial) - Saba Software Inc. late Tuesday reported a
fiscal second-quarter net loss of $1 million, or 4 cents a share. Adjusted
earnings came in at $600,000, or 2 cents a share, in line with the mean estimate
of analysts polled by Thomson Financial.
Revenue rose 2% to $25.5 million, below Wall Street's consensus view of
$26.82 million.
In the same period a year earlier, the company lost $1 million, or 4 cents a
share, on sales of $26.2 million.
The Redwood Shores, Calif.-based enterprise software company said it expects
to post third-quarter results in the range of a net loss of 2 cents to a profit
of a penny on revenue of $27 million to $28 million. The mean estimate of
analysts polled by Thomson Financial calls for third-quarter revenue of $28.4
million.
Saba expects adjusted income for the period of 4 cents to 6 cents a share,
excluding the estimated non-cash amortization of intangibles and acquired
backlog, and stock-based compensation expense-related charges. The estimate
brackets Wall Street's 5 cent-a-share mean estimate
Separately, Saba said it has appointed George de Urioste to the board of
directors. He will also serve as chairman of the audit committee. The new
director is the former chief operating officer and chief financial officer of
Chordiant Software.
Michelle Rama
mr/gm
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