19c share vs. 14c analysts and 16c whisper
Quarter Ended March 31, 2000
Q1 2000 Revenue Increases 119 Percent, Profit Increases 113 Percent Over
Q1 1999
SAN MATEO, Calif.?April 18, 2000?Siebel Systems, Inc. (Nasdaq:SEBL), the world's
leading supplier of eBusiness application software, today announced results for the quarter
ended March 31, 2000.
Net revenues for the first quarter of 2000 were $309.4 million, compared with $141.5 million
for the same period last year, an increase of 119 percent. Net income was $46.3 million or
$0.19 per share, compared with net income of $21.8 million or $0.10 per share for the first
quarter of 1999, increases of 113 and 90 percent, respectively.
Revenues from license fees for the first quarter of 2000 increased 104 percent over the
comparable period of 1999. Revenues from maintenance, consulting and other services
increased 147 percent over the comparable period of the prior year.
The quarterly results include a net, after-tax, non-operating, non-interest gain of
approximately $4.5 million, or $0.02 per share, principally relating to the sales of 367,000
shares of USInternetworking, Inc. (USI) stock. |
