Siebel joins chorus of software earnings warnings

Citing purchasing delays, three software vendors - Siebel Systems, webMethods and Documentum - have issued warnings of...

Citing purchasing delays, three software vendors - Siebel Systems, webMethods and Documentum - have issued warnings of lower-than-forecast revenue for their latest quarters.

The turbulence of the enterprise software landscape also contributed to weakened results, according to CRM (customer relationship management) software supplier Siebel. Its estimated total revenue for its second quarter  is in the $330m to $334m range, and with licensing revenue at around $110m, below the company's previous forecasts.

Integration software maker webMethods said its revenue for the quarter was $42m to $43m, below its late-April forecast of  $45m to $50m range. Unexpected weakness in webMethod's North American commercial sales contributed to the shortfall, the company said.

Content management software maker Documentum said delays in government spending and trouble with its Northern Asia operations affected its results. Revenue for the quarter was $68m, below its anticipated $72m to $73m.

Siebel will release its full financial report for the quarter on 22 July. WebMethods' figures are out on 21 July, with Documentum's results due on 17 July.

Stacy Cowley writes for IDG.

 

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