Siebel Systems' revenue has dropped but its net income has risen in its fourth fiscal quarter.
Siebel's revenue dropped to $366.7m (£199m) for the three months ending 31 December, from $394.7m in the fourth quarter of 2002.
Net income came in at $41.5m compared with a net loss of $38m in the same quarter a year ago.
Revenue also fell for the full year, to $1.35bn from $1.63bn in 2002. The CRM software maker posted a net loss of $3.4m, compared with a steeper loss of $35.7m in 2002.
Siebel remains committed to the CRM market, said chairman and chief executive officer Tom Siebel.
"In the course of the year we doubled down on CRM. We see this as a large market opportunity that offers significant growth as the economy recovers. We see it as a market opportunity that is largely unpenetrated."
Juan Carlos Perez writes for IDG News Service