In yet another dose of good news for the software sector,
said Thursday it expects to break even in the fourth quarter on stronger-than-expected revenue vs. a previously expected loss of as much as 7 cents a share.
Shares of the integration software maker soared on the news, recently climbing 51 cents, or 10.1%, to $5.59.
Before the market open, Monrovia, Calif.-based SeeBeyond said it expects to break even on a per-share basis on total revenue of $40 million and software license revenue of $20 million in the fourth quarter. The company's previous guidance called for a net loss ranging from 5 cents to 7 cents a share on revenue ranging from $32 million to $34 million.
Analysts polled by Thomson First Call were expecting a net loss of 5 cents a share on $34 million in revenue. A year ago, SeeBeyond posted a pro forma net loss of 6 cents a share on $40.5 million in revenue and $18.5 million in license revenue.
The news from SeeBeyond follows another upside preannouncement Monday in the software world from