Spend-management software vendor Ariba has reported a net income of $5.6m for the fourth quarter 2009, compared to a net loss of $6.05m in the same quarter last year. Revenue declined 1% to $83.31m. Skip related content
Operating income was $5.71m compared to operating loss of $5.77m in the same period last year, while diluted EPS was $0.06 compared to diluted net loss per share of $0.08 a year ago. Cash flow from operations was $18.8m during the quarter.
The company said subscription and maintenance revenue increased 13% to $57.85m, while services and other revenue declined 23% to $26.46m. It added 40 new customers and closed 15 transactions over $1m, including six software deals over $1m. On-demand product deals increased 25% to 231.
For fiscal 2009, Ariba reported a net income of $8.19m compared to a net loss of $41.06m a year ago. Revenue increased 3% to $338.97m.
Bob Calderoni, chairman and CEO at Ariba, said: “While there are certainly slight signs that the global economy is on the mend, companies are proceeding with caution. Many of these companies are leveraging Ariba’s spend management solutions to fuel the cost savings and agility required to compete. We delivered another solid quarter and are well-positioned for continued growth in fiscal 2010.”
