Feeds

Siebel beats the Street for the last time

Goes to Oracle a winner

Choosing a cloud hosting partner with confidence

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.®

Internet Security Threat Report 2014

More from The Register

next story
Bono apologises for iTunes album dump
Megalomania, generosity and FEAR of irrelevance drove group to Apple deal
HBO shocks US pay TV world: We're down with OTT. Netflix says, 'Gee'
This affects every broadcaster, every cable guy
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
French 'terror law' declares WAR on the INTERNET itself, say digi-rights folks
Liberté, Égalité, Fraternité: Two out of three ain't bad
SCREW YOU, EU: BBC rolls out Right To Remember as Google deletes links
Not even Google can withstand the power of Auntie
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
America's super-secret X-37B plane returns to Earth after nearly TWO YEARS aloft
674 days in space for US Air Force's mystery orbital vehicle
prev story

Whitepapers

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.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.