Feeds

Siebel posts $50m Q2 loss

Takes $74m restructuring charge

  • alert
  • submit to reddit

Security for virtualized datacentres

Siebel Systems has posted a net loss of $50m for its second quarter on revenues of $313.6m, compared to a net income of $7.5m on revenues of $301.1m a year ago.

The company issued a warning earlier this month, saying that delays to government deals had hit its licencing revenues, which were down 17 per cent on the same period last year. It also said it would pay a restructuring charge of $74.1m for the quarter.

In total, licence fees amounted to $78.3m over the quarter against $94.4m in 2004. Meanwhile maintenance revenues were $122.8m, and services and other activities brought in $112.5m.

Looking ahead, CFO Ken Goldman said he expects revenue of between $305m and $315m for the third quarter, which should result in earnings of between $10m-$15m (between two and three cents per share). New software sales should generate $75m-$85m in revenue, he added.

Shares in the company fell almost three per cent in after hours trading, on the back of the news. ®

Related stories

Siebel acts to reassure
Siebel ditches boss
Oh Woe is Siebel

Remote control for virtualized desktops

More from The Register

next story
PEAK APPLE: iOS 8 is least popular Cupertino mobile OS in all of HUMAN HISTORY
'Nerd release' finally staggers past 50 per cent adoption
Microsoft to bake Skype into IE, without plugins
Redmond thinks the Object Real-Time Communications API for WebRTC is ready to roll
Microsoft promises Windows 10 will mean two-factor auth for all
Sneak peek at security features Redmond's baking into new OS
Mozilla: Spidermonkey ATE Apple's JavaScriptCore, THRASHED Google V8
Moz man claims the win on rivals' own benchmarks
FTDI yanks chip-bricking driver from Windows Update, vows to fight on
Next driver to battle fake chips with 'non-invasive' methods
DEATH by PowerPoint: Microsoft warns of 0-day attack hidden in slides
Might put out patch in update, might chuck it out sooner
Ubuntu 14.10 tries pulling a Steve Ballmer on cloudy offerings
Oi, Windows, centOS and openSUSE – behave, we're all friends here
Was ist das? Eine neue Suse Linux Enterprise? Ausgezeichnet!
Version 12 first major-number Suse release since 2009
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
Simplify SSL certificate management across the enterprise
Simple steps to take control of SSL across the enterprise, and recommendations for a management platform for full visibility and single-point of control for these Certificates.