Siebel pre-announced Q4 results today that are above its previous estimates. The company is estimating revenue at $365 million, including $150 million from new license sales. Previously, the company is now projecting revenue to come in at $335-355M and new license sales at $120-140M.
Although some of the lift is no doubt due to a seasonal bounce (i.e. traditional end of the year deal making), the fact that Siebel exceeded its own estimates is encouraging, especially on that new license sales number. This is another indication that companies may be finally starting reinvest in new applications.
Reuters has a short summary of the conference call.
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