Siebel beats the Street for the last time
PrintGoes to Oracle a winner
Posted in Financial News, 12th January 2006 21:12 GMT
Free whitepaper – Thermal design of Dell PowerEdge server
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.®
Analyst Keynote: The Register Agile Data Center Summit
10 Steps to a Successful CRM Implementation
Market Primer: ERP Systems
What Exchange can't do - and Dell can
Enabling The Agile Data Center
Dirty, dirty PCs: The X-rated picture guide
Top 500 supers - rise of the Linux quad-cores
Early adopters bloodied by Ubuntu's Karmic Koala
Sign up, sign up for The Register IT security newsletter