>What's the board's take on this spate of deals by hardware vendors to buy call center/customer interaction software firms? CSCO-WebLine, Alcatel-Genesys, Nortel-Clarify. I bet Vantive is kicking itself ...
well, Tom's take is that "Clarify will disappear from the market!" (tune into the Q&A of the replay.)
license-fee revenue surged 63% (if you didn't already notice).
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October 19, 1999 5:17pm
Siebel 3rd-Qtr Results Top Forecasts; Sets Stock Split
Reuters
PALO ALTO, Calif., Oct. 19 (Reuters) - Siebel Systems Inc., the largest maker of customer relationship management software, Tuesday reported third-quarter results that more than doubled, topping analyst forecasts, and set a 2-for-1 stock split.
Siebel, whose stock has quadrupled in the past year, said Tuesday that for the period ended Sept. 30, net income surged to $30.1 million, or 27 cents a share, from $14.1 million, or 14 cents a share, a year ago. Revenue soared 87 percent to $195.3 million from $104.2 million.
The results topped by two pennies analyst estimates of 25 cents a share, according to First Call/Thomson Financial.
Siebel, one of the most high-flying stocks in the volatile technology industry, also said its 2-for-1 stock split would take effect Nov. 12 for stockholders of record Nov. 1.
Siebel shares tacked on 1 5/16 to close at 84 3/4 on the Nasdaq, close to its year high of a bit more than 91.
Siebel said new customers in the quarter include networking company 3Com Corp., Alcoa Inc., merchant banking firm Thomas Weisel Partners, U.S. Bancorp Services Inc. and First USA Bank, as well as Northpoint Communications Inc.
Sales of new software, a key measure used by analysts to gauge future revenue growth, rose 63 percent to $125.9 million from $77.2 million a year ago, while services, maintenance and other revenues jumped more than two-fold to $69.4 million from $27.0 million. |
