SEBL Earnings -
Siebel Systems Reports Revenue and Earnings for the Quarter Ended June 30, 2001; Q2 2001 Revenues Increase 38 Percent over Q2 2000
SAN MATEO, Calif.--(BUSINESS WIRE)--July 18, 2001--Siebel Systems, Inc. (Nasdaq: SEBL), the world's leading provider of eBusiness applications software, today announced results for the quarter ended June 30, 2001.
Revenues for the second quarter of 2001 were $549.7 million, compared to $397.5 million for the same period in 2000, an increase of 38 percent. Net income was $76.6 million, or $0.15 per share, compared with pro-forma net income of $49.1 million, or $0.10 per share, for the second quarter of 2000, representing increases of 56 percent and 50 percent, respectively.
Revenues from license fees for the second quarter of 2001 were $286.8 million, compared to $245.3 million for the same period in 2000, an increase of 17 percent. Revenues from maintenance, consulting, and other services were $262.9 million, compared to $152.2 million for the same period in 2000, an increase of 73 percent.
The Company's cash, cash equivalents, and short-term investments were $1.5 billion at June 30, 2001, an increase of $153 million from March 31, 2001.
Pro-forma net income for the second quarter of 2000 excludes accretion of mandatorily redeemable preferred stock of OpenSite Technologies, Inc. (acquired by Siebel Systems in May 2000). Net income and net income per share for the second quarter of 2000, including accretion of mandatorily redeemable preferred stock, was $17.9 million and $0.04, respectively. |
