Latin America key growth area for Saba Software in fiscal Q3

Thursday, March 31, 2011

Latin America and Asia-Pacific continued to be strong growth areas for California-based software company Saba Software in its third fiscal quarter, ended February 28, company chairman and CEO Bobby Yazdani said in a conference call with investors.

The executive also said Saba Software has focused on the expansion of its channel base in the Brazilian market. "We continue to invest and expand our global alliances and channel programs, and the Saba ecosystem now includes over 70 partners around the world and growing," he added.

Saba Software's quarterly revenues reached US$30.3mn, an increase of 14% compared with US$26.7mn the year-ago period. The company added 41 new enterprise customers in the quarter.

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Saba Software expects total revenues for full year fiscal 2011, ending May 31, to be in the range of US$117mn-119mn.