August 2, 2005
e-Commerce and CRM software provider Siebel Systems reported a
net loss of $50 million for its second quarter on revenues of
$313.6m, compared to a net income of $7.5m on revenues of $301.1m
The company issued a warning earlier this month, saying that delays to government deals had hit its licencing revenues, which were down 17 per cent on the same period last year. It also said it would pay a restructuring charge of $74.1m for the quarter.
In total, licence fees amounted to $78.3m over the quarter against $94.4m in 2004. Meanwhile maintenance revenues were $122.8m, and services and other activities brought in $112.5m.
.... Advertisement ....
Looking ahead, CFO Ken Goldman said he expects revenue of between $305m and $315m for the third quarter, which should result in earnings of between $10m-$15m (between two and three cents per share). New software sales should generate $75m-$85m in revenue, he added.
Shares in the company fell almost three per cent in after hours trading, on the back of the news.
Source: The Register
Advertise on E-Commerce News
If you have a product or service that deals with the ecommerce
or ebusiness field, advertising on E-Commerce News can bring
you new sales leads and close new marketing channels. This news
portal is read by over 25,000 people a week.
Businessmen and woman that either own an ecommerce website, an
ebusiness franchise, a B2B commercial exchange or by people in all walks
of life that need to keep abreast of this fast-changing field. For
more information on the many advantages of advertising on our news
portal or to request pricing information, please send us an
and a marketing representative will be glad to answer you