Key Developments For Saba Software Inc
Saba Software Inc (SABA.O) (Consolidated Issue listed on NASDAQ Global Market)
Cisco Standardizes on Saba Software, Inc. for People Management Platform
Saba Software, Inc. announced that Cisco Systems, Inc. has selected Saba as its enterprise-wide choice for learning, performance, workforce planning, and succession management for its more than 65,000 employees. Cisco selected Saba's unified suite to support the important goals of the Cisco Center.
Saba Software, Inc. Reaffirms FY 2009 EPS Guidance
Saba Software, Inc. announced that for fiscal 2009 prior GAAP net earnings guidance will be impacted by a restructuring charge estimated at $0.01 per share and a charge to non-cash compensation of $0.02 per share in connection with an amendment to existing stock options to extend the term of the options from six years to ten years. GAAP guidance including these charges will range from a loss of $0.05 to $0.10 per share. Saba is maintaining its prior non-GAAP net earnings guidance range of $0.18 per share to $0.23 per share. The fiscal 2009 non-GAAP outlook excludes the estimated non-cash amortization of intangibles (approximately $3.7 million), estimated charges related to share-based compensation expenses including the impact of extending the life of underwater options (approximately $2.7 million), costs incurred related to potential strategic transactions that were not completed (approximately $0.7 million), costs incurred for a restructuring (approximately $0.4 million) and estimated non-cash acquisition-related tax expenses (approximately $0.6 million).
Saba Software, Inc. Reaffirms FY 2009 EPS Guidance-Conference Call
Saba Software, Inc. reaffirmed its fiscal 2009 guidance for non-GAAP earnings per share (EPS) to be in the range of $0.18 to $0.23.
Brandon Hall Research Selects Saba Software, Inc. To Deliver Public Webinars And Interactive, Online Workshops
Saba Software, Inc. announced that Brandon Hall Research has selected Saba Centra to deliver its public webinars as well as interactive, online analyst workshops. With Saba Centra, Brandon Hall Research has Web conferencing and collaboration capabilities that will help optimize the attendance and attendee experience for its events.
Saba Software, Inc. Lowers FY 2009 EPS Guidance
Saba Software, Inc. announced that for fiscal 2009, it expects a GAAP net loss ranging from $0.02-$0.07 per share and non GAAP net earnings ranging from $0.18-$0.23 per share. The fiscal 2009 non GAAP guidance excludes the estimated non cash amortization of intangibles (approximately $3.7 million), estimated charges related to share based compensation expenses (approximately $2.3 million), costs incurred related to potential strategic transactions that were not completed (approximately $0.7 million) and estimated non cash acquisition-related tax expenses (approximately $0.7 million).
