Feeds

Siebel beats the Street for the last time

Goes to Oracle a winner

High performance access to file storage

Siebel said it beat all expectations during the fourth quarter, just as Oracle prepares to close its acquisition of the customer relationship management (CRM) vendor.

With Oracle's chief executive Larry Ellison due to deliver an Oracle "state of the nation" speech next week in San Francisco, Siebel said its fourth quarter exceeded both its own estimates and consensus Wall St. predictions.

Siebel recorded a 20 per cent jump in total revenue to $469m for the three months to December 31. Siebel said it had anticipated $340-$360m, while analysts predicted $362m.

Revenue from licensing grew 33 per cent to $214m, maintenance increased seven percent to $131m and services were up by 13.7 per cent to $124m.

It's the first, and last, huzzah for a company that endured losses and declining revenues in 2005, and dumped chief executive Mike Laurie after less than a year for ex-Webvan boss George Shaheen. Oracle is expected to close its purchase at a meeting of Siebel stock holders on January 31.®

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Nokia offers 'voluntary retirement' to 6,000+ Indian employees
India's 'predictability and stability' cited as mobe-maker's tax payment deadline nears
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
Adrian Mole author Sue Townsend dies at 68
RIP Blighty's best-selling author of the 1980s
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.