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To: Mike Buckley who wrote (50009)	1/23/2002 5:50:17 PM
From: Uncle Frank	Read Replies (1) of 54805

More on the SEBL earnings report: SAN MATEO, Calif. (CBS.MW) -- Siebel Systems announced Wednesday the sales software-maker increased its net income from the same period last year, beating analyst earnings expectations with help from cost controls. For its December quarter, Siebel's (SEBL: news, chart, profile ) net income was $65.9 million, or 13 cents share, compared with net income of $35.2 million or 7 cents a share in the 2001 quarter. Analysts had expected adjusted earnings of 9 cents a share, according to a survey of analysts conducted by Thomson Financial/First Call. Sales were $481 million, down from $582 million in the same period last year. Analysts had expected sales of about $440 million, according to Thomson Financial/First Call. The company increased its cash position by $510 million to $1.66 billion in the quarter, up from $1.15 billion a year ago. Day of sales outstanding declined to 72 days vs. 81 days in the year-ago period. Siebel ended the period with $241 million in deferred sales, up from $202.5 million last year. Shares of Siebel rose $2.18, or 7 percent to close at $34.80 in regular Nasdaq trading. marketwatch.com

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