BackWeb Technologies (Nasdaq:BWEB) said on Friday it would report a fourth-quarter loss, not the breakeven results Wall Street had expected, as slower technology spending by corporations hurt sales.

The Ramat Gan, Israel-based maker of electronic-business enabling software said it expected fourth-quarter revenues of between $7.1 million and $7.4 million, with a loss of between 11 and 14 cents per share.

Wall Street had expected the company to report fourth-quarter earnings per share of nil, according to data from research firm First Call/Thomson Financial.

"The recent slowdown in IT-related spending among the Global 2000 companies has impacted the length of our sales cycle, especially for the larger-size enterprise solutions we offer," BackWeb Chairman and Chief Executive Officer Eli Barkat said.

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Reuters