Question-and-Answer Session
Operator
Thank you. (Operator instructions) And we will go to the line of Kevin Liu. Please go ahead.
Kevin Liu – B. Riley & Co.
Hi, congratulations on a nice quarter, and thanks for taking my questions.
Bill Slater
Hi Kevin.
Bobby Yazdani
Hi Kevin.
Kevin Liu – B. Riley & Co.
I guess the first question, the deferred revenue growth as you mentioned was extremely strong this quarter, could you just give us a sense for where that came from, was that just your typical seasonality in terms of getting some maintenance renewals in there or where you are seeing a lot of traction either OnDemand or maybe some license revenues that can get recognized during the quarter?
Bill Slater
You know, I think it came from both areas. It was both strong maintenance billings and our OnDemand deferred revenue was up as well.
Kevin Liu – B. Riley & Co.
Okay, and then in terms of the maintenance number that was down sequentially. So I was wondering if you could just help us reconcile what was going on kind of quarter-to-quarter on the maintenance line.
Bill Slater
Well, against the prior year we had a special pickup in the prior year of about $900,000 related to a complex transaction with a major customer. So when you look at the prior year services – when you look at the prior that is somewhat distortive, but I think the maintenance has been tracking for the last two quarters roughly at $8.5 million.
Kevin Liu – B. Riley & Co.
Okay, and then mainly in terms of the new product transactions that you talked about, I was wondering if you could give us a sense for where the demand is, is that more around the learning products, are you seeing some traction on either performance or from Centra. Just wondering if any particular product line is driving some of the new business.
Bobby Yazdani
Still then, given that the majority of the new deals are coming from the learning products, we have also had a number of up sell to existing customers with the performance on the talent management products. So it is a very good mix. It is not really, nothing unusual from what we have seen in the past, roughly about 40% to 45% of the bookings come from Saba Centra product, 40% to 45% comes from the learning product, and the reminder essentially is coming through the up sell of performance and talent management to existing customers.
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