Redwood Shores, CA January 18, 2016 ––Saba, a global leader in cloud-based intelligent Talent Management solutions, today announced record Q2 new customer cloud bookings for the second quarter of fiscal 2016 (November 30, 2015). During the second quarter, Saba also unveiled new product innovations in talent management and saw continued growth of its prominent portfolio of global customers.
Driven by customer demand for cloud-based, learning-centric talent management solutions, Saba has achieved notable business results in its most recent fiscal quarter:
Achieves Record-Setting Business Growth and Performance in Q2 FY 2016
- Demonstrated global momentum by delivering a Q2 record for new customer cloud sales
- Maintained a 95+% renewal rate, reflective of the value of the Saba platform
- Delivered positive cash-flow from operations while maintaining strategic investments in product innovation and its world-class cloud platform
- Received a clean opinion on its post-acquisition financials from its audit firm.
Extends Customer Growth and Adoption of Talent Management Portfolio
Saba’s new and existing base of world-class customers span all major verticals and geographies. Notable new and growth customers in Q2 FY 16 include: The World Economic Forum, Virgin Money, DencoHappel and Bavarian Authority for Finance.
These companies are leveraging Saba’s broader learning and talent management portfolio to elevate their employee development and engagement strategies. Further, in order to achieve improved scalability, performance, and user experience, long time Saba customers are choosing to migrate to Saba Cloud.
Introduces New Talent Insight with Saba Benchmark
As a cloud company, Saba delivers continual product innovation in its regular updates. In Q2, it extended the breadth of the “intelligent” platform with the announcement of Saba Benchmark. Saba Benchmark is designed to provide a library of dashboards across key talent metrics and help organizations benchmark their talent performance against industry peers in real-time, without the lag introduced through traditional methods.
Validates Market Leadership with Influencer Awards and Market Placement
Saba has recently collected many influencer awards and leadership placements for its portfolio of cloud-based learning and talent management solutions, including: leadership and visionary rankings in global analyst reports from Gartner, Bersin by Deloitte, IDC and Europe’s Fosway Group; citation as the World’s Leader in Talent Learning Management; and awards for innovation in Personalized Career Planning and Talent Management Excellence.
“Existing customers and prospects alike are realizing the powerful potential of Saba Cloud, gaining better insights about their people in order to advance and transform their businesses,” said Phil Saunders, Saba’s President. “We’re excited about the success we’ve had this past quarter because it’s been inspired by our work with talent, learning and business leaders worldwide.”
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