Stock Watch: Strong Revenue Forecast Powers Ariba

Ariba, Inc. (Nasdaq: ARBA) rose 1 13/16 to 90 1/2 in morning trading Tuesday after the business-to-business (B2B) software maker said revenue for the second quarter just ended is likely to be $36 to $38 million, or 25 to 30 percent above analysts’ forecasts.

“Demand for Ariba’s B2B Commerce Platform and Ariba B2B Commerce Services exceeded our expectations, as leaders across multiple industries moved quickly to adopt the most popular B2B platform,” said CFO Edward P. Kinsey.

Results will be reported after the market closes on April 12th, the Mountain View, California-based company said.

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