DALLAS, Texas - TwinTrader.com announces the publication of Breakout for ARBA; highlighting public companies on the move and what’s behind the surge.
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“Ariba Inc. provides spend-management solutions in the United States. It offers Ariba Spend Management solutions to deploy and integrate with enterprise resource planning and other software systems, as well as spend-management solutions in the areas of spend visibility, sourcing, contract management, procurement and expense, invoice and payment, supplier management…
“Ariba Inc. announced strong results for the third quarter ended June 30, 2008. The company reported total non-GAAP revenues of $86.5 million and EPS of 13 cents; non-GAAP subscription software revenue of $31.7 million, up 76% year-over-year; 12-month subscription software backlog of $107 million, up 81%; and the number of on-demand transactions up 48% year-over-year…
“The chart of Ariba shows very strong bullish momentum. The stock has doubled in price in less than four months. Average volume has more than doubled since the stock has formed a base in March and April...”
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