Siebel Systems Warns of Plunging Profit
From Bloomberg News
Siebel Systems Inc., a San Mateo, Calif., maker of customer service software, said first-quarter net income fell as much as 95% because some customers failed to sign contracts.
Net income slid to $3 million to $5 million, from $64.6 million a year earlier, Siebel said, based on a preliminary review. Revenue was $330 million to $335 million, down from $477.9 million.
Siebel shares fell 41 cents to $7.75 on Nasdaq. Trading was halted ahead of the report.
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