Siebel Systems' software license revenue in its just-ended third quarter rose from the grim five-year low hit in Siebel's second quarter, but still fell short of revenue recorded during the same period last year, the company said Tuesday.
Siebel, based in San Mateo, California, reported license revenue of US$104.6 million in the quarter ended Sept. 30, a 5 percent decline from the US$110 million it took in during last year's third quarter. Last quarter, Siebel had license revenue of US$95 million, its lowest level since 1999.
Siebel's total revenue for the quarter was US$317.1 million, in line with the forecast it released earlier this month when it previewed its expected results. At the time, the consensus estimate of analysts polled by Thomson First Call was for revenue of US$306 million. Siebel had revenue of US$321.4 million in last year's third quarter.
Net income for the quarter was US$19.3 million, up from the US$59.3 million loss Siebel posted last year. Per-share earnings were US$0.04, in line with the consensus estimate Thomson First Call had earlier this month, before Siebel announced its higher-than-expected revenue forecast. Thomson First Call's estimate then rose to US$0.05.