Ariba (ARBA +13.1%) is making 10-year highs following a solid FQ2 report, highlighted by a 59%...

|By:, SA News Editor

Ariba (ARBA +13.1%) is making 10-year highs following a solid FQ2 report, highlighted by a 59% sales jump for its business e-commerce network. In addition, subscription software sales rose 32%, evidence of Ariba's effective transition to a cloud model for its spend-management offerings. During its earnings call, Ariba guided for FY12 revenue of $525M-$535M and EPS of $0.96-$1.00, compared with a consensus of $528.2M and $0.95.