I am still long from lower levels and will continue to hold, but I am not too happy with the update. If they were serious about helping out investors while they get their accounting house in order, they should have had a call with analysts to discuss the numbers as well.
If you net new SaaS bookings against the 10% churn, they are growing SaaS bookings by only 15% annually. That might sound good, but it is nothing compared to CSOD, which claims 55% growth in bookings. We don't know how much of Saba's bookings are coming from the legacy customer base, thus trading maintenance for SaaS, netting little to the company. There are just too many questions that need to be answered from a company so incompetent that it is now nearly 20 months since they last released their financials.