Siebel Systems ( SEBL) nearly doubled its third-quarter net income and grew revenue by 10%. The numbers reported after Wednesday's close were in line with the business software maker's preannouncement earlier this month, and may be the next-to-last report the company files on a stand-alone basis. The company
has agreed to be acquired by Oracle, and the merger is expected to close in early 2006, pending regulatory approval. Net income in the September quarter was $34.7 million, or 6 cents per diluted share, compared with $18.3 million, or 3 cents a diluted share in the same quarter of 2004. Revenue was $348 million, up from $317 million. The value of software licenses grew to $112 million from $104.5 million. Service and maintenance revenue also grew -- from $212.5 million to $235.7 million. There has been little interest in the stock lately, and analysts apparently did not revise estimates after the preannouncement. They had been expecting a 5-cent profit on sales of $332.9 million. Siebel were recently up 4 cents to $10.39 in after-hours trading, after closing the regular session at $10.35.