Three More Software Companies Join the Warnings Parade - TheStreet

Sybase

(SY) - Get Report

,

SeeBeyond Technology

(SBYN)

and

Compuware

(CPWR)

on Wednesday became thelatest software makers to warn of disappointing June quarter results.

Citing the weak economy, Dublin, Calif.-based enterprise software makerSybase announced Wednesday morning that second-quarter revenue would totalapproximately $205 million, about $10 million short of the $215 millionpreviously projected by the company. Analysts polled by Thomson Financial/First Call expected $213.5 million in revenue for the quarter.

Sybase said earnings are still expected to come in at 24 cents a share,in line with analyst expectations.

Monrovia, Calif.-based SeeBeyond, which makes integration software,said it expects to post a second-quarter pro forma loss of 5 cents to 6cents a share, compared to pro forma net income of 1 cent a share expectedby Wall Street.

On a GAAP basis, SeeBeyond expects to report a loss of 8 cents to 10cents a share. Second-quarter revenue is expected to range from $32 millionto $34 million, also short of the $38.1 million expected by analysts.

In April, the company forecast that it would earn 1 cent a share onrevenue of $40 million and $42 million.

Farmington Hills, Mich.-based Compuware estimated revenue in its fiscalyear first quarter, which ended June 30, would fall between $329 millionand $341 million. That includes license revenue ranging from $53 million to$57 million, maintenance revenue ranging from $100 million to $104 millionand professional services revenue ranging from $176 million to $180million.

The company, which makes software development and productivityproducts, said first-quarter earnings are expected to range between 5 centsand 6 cents a share.

Analysts were expecting Compuware to earn 7 cents a share on $336.6million in revenue.

Shares of SeeBeyond tumbled 42 cents, or 16.5%, to $2.12 in recenttrading. Compuware shares fell 4 cents, or 0.9%, to $4.37, while Sybase rose 37 cents, or 4%, to $9.72 in recent trading.