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April 4, 2004

Siebel ups forecast

Siebel Systems Inc released preliminary results at the top end of guidance on Friday, and highlighted better than expected license sales.

By CBR Staff Writer

Total revenues should be $329m for the first quarter ending March 31, the company said, at the top end of management forecasts. License revenues will be around $127m, 13% up on the previous quarter, and exceeding management’s previous expectations.

The CRM vendor said net income will be $27m to $30m, up 500% on the year, with earnings per share of $0.05 to $0.06. The consensus Wall Street forecast was for $0.05 per share.

This article is based on material originally published by ComputerWire

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