Thursday, Ariba Inc. (ARBA) reported a second-quarter net loss that narrowed from the year-ago period primarily due to higher services and other costs.
The Sunnyvale, California-based company reported a second-quarter net loss of $4.74 million or $0.06 per share that narrowed from $12.40 million or $0.16 per share in the corresponding quarter last year.
Non-GAAP net income for the quarter increased to $12.66 million or $0.15 per share from $6.94 million or $0.09 per share in the similar period last year. On average, twelve analysts polled by Thomson Reuters estimated earnings of $0.14 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the second-quarter of fiscal 2009 increased to $84.69 million from $80.54 million in the corresponding period last year. Analysts estimated revenue of $85.04 million for the quarter.
Bob Calderoni, Chairman and CEO, said, "Ariba continued to perform well despite the challenging environment. I believe this is a testament to the breadth and depth of our spend management solutions, which enable companies to reduce their operating costs and effectively manage working capital. I am also pleased with the operational discipline that Ariba demonstrated this quarter. Although we face increased operating risk as a result of the economic downturn, we remain on track to achieve our financial targets for this fiscal year."
Total non-GAAP revenues for the quarter was $84.69 million, up from $82.80 million in the comparable period of fiscal 2008.
Services and other costs for the quarter declined to $18.52 million from $24.03 million in the second-quarter of 2008.
Amortization of acquired technology and customer intangible assets for the quarter was $1.39 million, down from $4.69 million in the same period last year.
Total cash, cash equivalents, long-term investments and restricted cash were $159.7 million at March 31, 2009, up $16.7 million from December 31, 2008.
For the six-month period of fiscal 2009, the company reported a net loss of $1.31 million or $0.02 per share that narrowed from a net loss of $30.72 million or $0.41 per share in the corresponding period last year.
Non-GAAP net income for the half-yearly period increased to $12.66 million or $0.15 per share from $6.94 million or $0.09 per share in the six-month period of fiscal 2008.
Total revenues for the half-yearly period increased to $170.78 million from $157.51 million last year similar period.
Ariba closed Thursday's regular trading at $9.61, up $0.53 or 5.84%, on a volume of 2.16 million shares on the Nasdaq. In after-hour, the stock gained 39 cents or 4.06% trading at $10.0.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.