New customers boost Ariba revenue

27 January 2012

More international articles

Want the latest procurement and supply chain news delivered straight to your inbox? Sign up for the Supply Management Daily

29 January 2012 | Angeline Albert

Spend management technology company Ariba enjoyed a revenue rise of 39 per cent to $125.7 million (£80 million) over the past financial quarter.

This was up on the $90.4 million (£57.5 million) that the firm made during the same period in 2010, the firm’s first quarter (three months up to 31 December 2011). The growth was attributed to an increase in new customers.

Some 244 buyer companies around the world purchased Ariba solutions during the quarter including Pfizer, Tyco International, AstraZeneca and ArcelorMittal. This included 48 new customers, and the firm completed 10 deals worth more than $1 million (£636,194).

It also represented a slight increase on revenue in the previous quarter, which was $122.7 million (£78.1 million).

According to the business’ results, Ariba’s revenue from subscription and maintenance increased by 48 per cent to $97.2 million (£61.9 million) compared to $65.9 million (£41.9 million) for the same quarter the year before.

Bob Calderoni, chairman and CEO of Ariba said: "Ariba’s strong momentum continued during the first quarter, leading to strong revenue growth and profitability.”


LATEST
JOBS
Swindon, Wiltshire
upto £40K base (+ Paid overtime and corporate benefits)
Honda Manufacturing Ltd
Kew gardens, Richmond upon Thames, London (Greater)
£37,000 - £42,500 per annum pro rata, depending on skills and experience
Kew Royal Botanic Gardens
SEARCH JOBS
CIPS Knowledge
Find out more with CIPS Knowledge:
  • best practice insights
  • guidance
  • tools and templates
GO TO CIPS KNOWLEDGE