InvestorsHub Logo
Followers 4
Posts 820
Boards Moderated 0
Alias Born 02/06/2001

Re: Teri Garner post# 94294

Friday, 04/04/2003 4:13:30 PM

Friday, April 04, 2003 4:13:30 PM

Post# of 704019
16:05 ET Siebel Systems cuts guidance (SEBL) 7.75 -0.41: -- Update -- Co guides Q1 revenue outlook to a range of $330-$335 mln (Multex consensus $369.16 mln). Net income for the qtr (after taxes) is projected at $3-5 mln. SEBL says a number of customers unexpectedly postponing purchase decisions beyond the end of the quarter. "While the Company believed the sales pipeline remained sufficient to meet its sales projections for Q1, a few transactions were postponed late in the quarter. Had these transactions not been postponed, the Company would have been within its license revenue and earnings guidance for the quarter."



Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.