Siebel Systems Revenue Surprises

The software company's fourth-quarter sales are better than analysts expected.
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Siebel Systems

(SEBL)

Wednesday preannounced stronger-than-expected fourth-quarter revenue.

The San Mateo, Calif.-based software company said it expects revenue of approximately $387 million to $390 million. The consensus estimate is for $347.2 million, according to Thomson First Call.

Siebel also expects license revenue for the quarter to be approximately $159 million to $161 million.

Operating margin for the fourth quarter of 2004 is expected to be 15% to 16% of total revenue, a 90% increase over the third quarter of 2004.

Siebel reports full earnings on Jan. 27, when it will also provide first-quarter guidance.

Shares rose 31 cents, or 3.1%, to $10.19.