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Author: newsreporter Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 3069  
Subject: Q1 Results Date: 1/24/2006 11:41 AM
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http://biz.yahoo.com/bw/060123/20060123005997.html?.v=1

Total revenues for the first quarter of fiscal year 2006 were $76.2 million, as compared to $86.9 million for the first quarter of fiscal year 2005. Software license revenues for the quarter were $6.6 million, as compared to $17.1 million for the first quarter of fiscal year 2005. Subscription and maintenance revenues for the quarter were $31.8 million, as compared to $31.4 million for the first quarter of fiscal year 2005. Services and other revenues for the quarter were $37.8 million, as compared to $38.4 million for the first quarter of fiscal year 2005.

Net loss for the first quarter of fiscal year 2006 was $3.7 million, or $0.06 per share, as compared to a net loss for the first quarter of fiscal year 2005 of $46.8 million, or $0.75 per share. The net loss for the first quarter of fiscal 2006 included charges of $4.8 million for amortization of intangible assets, $8.8 million for stock-based compensation, and $273,000 for restructuring costs. Excluding these items, total non-GAAP expenses for the fourth quarter of fiscal 2005 were $66.0 million, resulting in non-GAAP net income of $10.2 million, or $0.14 per diluted share.

"We continue to transition our business from a software license model to a subscription-based, on-demand model, and we are very pleased with the progress we made during the first quarter," said Bob Calderoni, CEO, Ariba. "Our strategy is to enable companies of all sizes to realize the benefits of spend management, and this quarter we saw increases in the number of total customer deals and new customers. For years, large enterprises have benefited from our differentiated approach to drive spend management results, and now small to mid-market companies are coming to us as well."
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