Latin America among key growth areas for Saba Software in fiscal 2011

Friday, July 22, 2011

Latin America experienced significant growth for California-based Saba Software in its fiscal 2011, ended May 31, chairman and CEO Bobby Yazdani said in a conference call with investors.

"Our international geographies also contributed nicely to our growth for fiscal year 2011. We saw good growth in Germany, India and Latin America," the executive said.

Saba Software's fourth quarter revenues reached US$29.9mn, a 1% increase compared to US$26.7mn in the year-ago period. For fiscal year 2011, revenues increased to US$117mn from US$110mn.

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The company added 40 new enterprise customers in the quarter and a total of 153 during fiscal 2011, Yazdani added.

Saba Software expects total revenues for fiscal 2012 to be in the range of US$130mn-133mn.