Northern, WI 3/29/12 (StreetBeat) -- Saba Software (Nasdaq: SABA) yesterday said it is delaying its FY Q3 earnings report, which had been expected after the market this afternoon, to give the company “additional time to complete an internal review of the accounting treatment of certain international transactions.”The enterprise software vendor said that once the review is complete, it will release results, hold a conference call and file its 10-Q for the quarter.
Exactly what’s going on here is not entirely clear, but it would be hard to see this as good news.
SABA shares on Wednesday dropped 65 cents, or 5.1%, to $12.15.
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