View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
January 5, 2005

Siebel prelims suggest ongoing improvement

Siebel Systems Inc has released fourth-quarter preliminary results that topped analyst expectations as it continues its move back towards financial respectability.

By CBR Staff Writer

The San Mateo, California-based CRM vendor said it expects total revenue for the period ending December 31, 2004 to be in the range $387 million to $390 million, against consensus analyst expectations from Thomson First Call of $347.2 million.

Although the expected revenue represents a 23% sequential increase, it is closer to the year-ago figure of $366.7 million. After the fourth quarter 2003 Siebel went into a decline that hit a low in the second quarter 2004. The third quarter saw a sequential improvement, and the fourth-quarter prelims have built on that.

Net income for the fourth quarter is expected to be in the range $42 million to $44 million, or $0.08 per share, compared to $19.4 million in the previous quarter and $41.5 million in the year-ago quarter, which indicates that the company is returning to year-ago performance levels plus a slight improvement. Analysts anticipated fourth-quarter profit of $38 million and earnings per share of $0.07.

Operating margin is also moving back in line with Siebel’s norm, rising from only 3.1% in the second quarter 2003, to 10.1% in the third quarter 2004, and 11.7% according to the fourth-quarter prelims.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.