Ariba Reports Results for the Third Quarter of Fiscal Year 2007.Subscription Software Revenues Grow 29% Year-over-Year SUNNYVALE, Calif. -- Ariba, Inc. (Nasdaq:ARBA), the leading spend management solutions provider, today announced results for the third quarter of fiscal year 2007 ended June 30, 2007. Financial Results Total revenues for the third quarter of fiscal year 2007 were $75.6 million, as compared to $73.6 million for the third quarter of fiscal year 2006. Subscription and maintenance revenues for the quarter were $36.6 million, as compared to $32.3 million for the third quarter of fiscal year 2006. Within subscription and maintenance revenues, subscription software revenue was $18.0 million for the quarter, as compared to $14.0 million for the third quarter of fiscal year 2006. Services and other revenues for the quarter were $39.0 million, as compared to $41.4 million for the third quarter of fiscal year 2006. Net loss for the third quarter of fiscal year 2007 was $2.0 million, or $0.03 per share, as compared to a net loss for the third quarter of fiscal year 2006 of $31.5 million, or $0.48 per share. The net loss for the third quarter of fiscal year 2007 included charges of $3.5 million for amortization of intangible assets Intangible Asset An asset that is not physical in nature. Notes: Examples are things like copyrights, patents, intellectual property, and goodwill. These are the opposite of tangible assets. , $8.2 million for stock-based compensation and a $3.8 million net benefit from a new real-estate lease signed during the quarter. Excluding these items, non-GAAP net income was $5.8 million, or $0.08 per diluted share. Cash from operations for the third quarter of fiscal year 2007 was approximately $3 million. At June 30, 2007, total cash, cash equivalents, marketable securities Marketable Securities Very liquid securities that can be converted into cash quickly at a reasonable price. Notes: Marketable securities are very liquid as they tend to have maturities less than one year, and the rate at which these securities can be bought or sold has , and investments were approximately $178 million. "Overall, we are pleased with our execution in growing our subscription software business," said Bob Calderoni, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Ariba. "During the quarter, we released a major update to our on demand product offering and closed over 100 on-demand product deals with 79 customers, a 108% increase from a year ago. Our success is further evidenced by the 60% growth in our subscription software backlog and almost 30% growth in our subscription software revenue this quarter." Continuing Market Share Growth More than 170 companies purchased Ariba's offerings during the third quarter of fiscal year 2007 to extend their spend management capabilities, adopting solutions to improve supplier collaboration, further mitigate supply risk, enhance working capital management and drive cost containment cost containment, n the features of a dental benefits program or of the administration of the program designed to reduce or eliminate certain charges to the plan. . Included among these companies: Communisis PLC, Cummins, Inc., Del Monte Foods Del Monte Foods (NYSE: DLM) is an American food production and distribution company based in San Francisco, California. It offers canned goods in Del Monte, S&W and Contadina brands, pet foods under Kibbles n' Bits, 9Lives, Pounce, Milk-Bone and several premium brands, Company, General Dynamics General Dynamics Corporation (NYSE: GD) is a defense conglomerate formed by mergers and divestitures, and as of 2006 it is the sixth largest defense contractor in the world[1]. The company has changed markedly in the post-Cold War era of defense consolidation. Corporation, Hertz-Europe, Hewlett-Packard Company, Jindal Stainless, Levis Strauss & Co., Lion Nathan Limited, National City Corporation, Pfizer AG, Pierre & Vacances, Scientific-Atlanta, Inc., Smithfield Foods  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . , Inc., Synopsys, Inc., Telefonica S.A., The Manitowoc Company, Inc. and United Technologies Corporation. Expanding Global Customer Base Demand for Ariba([R]) Spend Management([TM]) solutions was particularly strong internationally. Analysts predict that the market for sourcing and procurement solutions in Europe will continue to grow at a healthy rate through 2011. "The appetite for subscription software has definitely increased," said Mike Arenth, General Manager, EMEA (Europe, Middle East, Africa) Refers to that region of the world. For example, one might see products packaged differently for the UK, EMEA and Asia Pacific markets. , Ariba. "We are seeing more customers migrate from perpetual licenses to our on-demand solutions because on-demand makes it easy and affordable for them to quickly adopt and reap the benefits of spend management. Ariba is well-poised to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the growing market opportunity." Conference Call Information Ariba will hold a conference call today at 2:00 p.m. PT / 5:00 p.m. ET to discuss its results for the third quarter of fiscal year 2007. To join the call, please dial (877) 407-8031 in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada, or (201) 689-8031 if calling internationally. A live web broadcast of the call will be available on the investor relations Investor relations The process by which the corporation communicates with its investors. section of Ariba's website at: www.ariba.com. The webcast may also be accessed by logging in A colloquial term for the process of making the initial record of the names of individuals who have been brought to the police station upon their arrest. The process of logging in is also called booking. at www.vcall.com. A replay of the conference will be available at approximately 5:00 p.m. PT / 8:00 p.m. ET today through Wednesday, August 1, 2007 by calling (877) 660-6853 in the United States and Canada or (201) 612-7415 internationally and entering account number: 286 and conference ID number: 248241. About Ariba, Inc. Ariba, Inc. is the leading provider of spend management solutions to help companies realize rapid and sustainable bottom line results. Companies around the world in every industry use Ariba Spend Management[TM] software and services. Ariba can be contacted in the U.S. at 1.650.390.1000 or at www.ariba.com. Copyright (c) 1996 - 2007 Ariba, Inc. Ariba, the Ariba logo, AribaLIVE and SupplyWatch are registered trademarks of Ariba, Inc. Ariba Spend Management, Ariba Spend Management. Find it. Get it. Keep it., Ariba. This is Spend Management, Ariba Solutions Delivery, Ariba Analysis, Ariba Buyer, Ariba Category Management, Ariba Category Procurement, Ariba Contract Compliance, Ariba Contracts, Ariba Contract Management, Ariba Contract Workbench, Ariba Data Enrichment, Ariba eForms, Ariba Electronic Invoice Presentment and Payment, Ariba Invoice, Ariba Sourcing, Ariba Spend Visibility, Ariba Travel and Expense, Ariba Procure-to-Pay, Ariba Workforce, Ariba Supplier Network, Ariba Supplier Connectivity, Ariba Supplier Performance Management, Ariba PunchOut, Ariba QuickSource, PO-Flip, Ariba Settlement, Ariba Spend Management Knowledge Base, Ariba Ready, Ariba Supply Lines, Ariba Supply Manager, Ariba LIVE and It's Time It's Time was a successful political campaign run by the Australian Labor Party (ALP) under Gough Whitlam at the 1972 election in Australia. Campaigning on the perceived need for change after 23 years of conservative (Liberal Party of Australia) government, Labor put forward a for Spend Management are trademarks or service marks of Ariba, Inc. All other trademarks are property of their respective owners. Ariba Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Safe Harbor Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 1995: Information and announcements in this release involve Ariba's expectations, beliefs, hopes, plans, intentions or strategies regarding the future and are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to Ariba as of the date of the release, and we assume no obligation to update any such forward-looking statements. These statements are not guarantees of future performance and actual results could differ materially from our current expectations. Factors that could cause or contribute to Ariba's operating and financial results to differ materially from current expectations include, but are not limited to: delays in development or shipment of new versions of Ariba's products and services; lack of market acceptance of Ariba's existing or future products or services; inability to continue to develop competitive new products and services on a timely basis; introduction of new products or services by major competitors; the ability to attract and retain qualified employees; difficulties in assimilating as·sim·i·late v. as·sim·i·lat·ed, as·sim·i·lat·ing, as·sim·i·lates v.tr. 1. Physiology a. To consume and incorporate (nutrients) into the body after digestion. b. acquired companies; long and unpredictable sales cycles and the deferrals of anticipated orders; declining economic conditions; inability to control costs; changes in the company's pricing or compensation policies; significant fluctuations in our stock price; the outcome of and costs associated with pending or potential future regulatory or legal proceedings All actions that are authorized or sanctioned by law and instituted in a court or a tribunal for the acquisition of rights or the enforcement of remedies. ; the impact of our acquisitions, including the disruption or loss of customer, business partner, supplier or employee relationships; and the level of costs and expenses incurred by Ariba as a result of such transactions. A detailed discussion of these factors and other risks associated with Ariba's business are discussed in Ariba's SEC filings, including its most recent report on Form 10-Q Form 10-Q See 10-Q. filed May 9, 2007. [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] |
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