Siebel expects Q3 loss, lower sales

FRAMINGHAM (10/03/2003) - CRM software vendor Siebel Systems Inc. said it expects to report a loss of about US$60 million for the third quarter on revenue of about $320 million. The San Mateo, Calif.-based company said it would be profitable if not for one-time expenses, including a $107 million charge taken to cover recent layoffs. It added that software sales will total about $110 million, down 13 percent from $126.8 million a year ago.

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

More about Siebel Systems

Show Comments