It appears Siebel beat expectations for both the top and bottom lines last quarter.
SAN MATEO, Calif., Jan 23 (Reuters) - Siebel Systems Inc. (NasdaqNM:SEBL - news), the No. 1 seller of software that manages selling and customer service activities, on Wednesday said its fourth-quarter net income declined from a year ago.
San Mateo, California-based Siebel had net income of $65.9 million, or 13 cents per diluted share, compared with $79.5 million, or 15 cents, in the year-earlier period that included a nonrecurring charge stemming from two acquisitions.
Company founder Tom Siebel said in October that he was comfortable with analysts' estimates for earnings of 9 cents to 14 cents a share.
Wall Street's expectations, however, have since changed. On Wednesday, two dozen analysts polled by Thomson Financial/First Call had forecasts that ranged from 7 cents to 13 cents a share, with the average being for earnings of 9 cents.
Revenue was $481.4 million vs. $581.6 million last year. On average, analysts had expected Siebel's total revenue to be $440.25 million.
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