Ariba Reports Results for Third Quarter of Fiscal 2008

SUNNYVALE, Calif. --(Business Wire)-- Ariba, Inc. (Nasdaq: ARBA), the leading spend management solutions provider, today announced results for the third quarter ended June 30, 2008. Quarterly Financial and Operational Highlights: -- Total Non-GAAP revenues of $86.5 million and EPS of $0.13 -- Non-GAAP subscription software revenue of $31.7 million, up 76% year-over-year -- 12-month subscription software backlog of $107 million, up 81% -- Number of on-demand transactions up 48% year-over-year "Despite a tough global economy, Ariba has posted another strong quarter as evidenced by the continued growth in our subscription software revenue, backlog and operating margin expansion," said Bob Calderoni, Chairman and CEO, Ariba. "Profitable growth remains our top priority going forward, and Ariba is fortunate to be well-positioned in... [read full story]