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Technology / AI and automation

FILENET 3Q RESULT TO BE BELOW ANALYST’S EXPECTATIONS

Latest to warn of storm-damaged figures is Costa Mesa, California-based FileNet Corp, which says that third-quarter results will be below analysts’ expectations of $22.5m to $23.5m in sales and earnings of between 19 cents and 26 cents per share: a combination of administrative delays in concluding contract negotiations with several customers, and delays in the completion of customer computer facilities for orders received during the quarter, were the primary reasons for the shortfall, it says, adding that per share earnings will be just 1 cent.

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CBR Staff Writer

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