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RAMPTON, Ontario (CBS.MW) -- Nortel Networks tumbled in after-hours trading as third-quarter revenue fell short of some analysts' expectations. The No. 1 fiber-optics company said earnings from operations beat expectations by a penny.
The revenue shortfall outweighed Nortel's statement that it expects earnings per share from operations to grow a bigger-than-expected 40 percent for all of fiscal 2000, compared with previous forecasts of growth in the high 30s.
Shares of Nortel (NT: news, msgs), Canada's largest company by market value, plunged $12.37 to $50.94 on Island ECN, a decline of 20 percent
SAN MATEO, Calif. (CBS.MW) -- Siebel Systems more than doubled both its license and services revenue, as the company beat earnings expectations for its third quarter by 3 cents.
The sales software company's (SEBL: news, msgs) total revenue rose 131 percent to $480.9 million, compared with $208.5 million for the same period in 1999. Revenue from license fees was $300.4 million, compared with $127.7 million in the year-ago quarter. Revenue from maintenance, consulting and other services was $180.6 million, vs. $80.8 million a year ago.
Net income was $71.0 million, or 14 cents a diluted share, compared with pro-forma net income of $27.3 million, or 6 cents a share in the year-ago quarter. Siebel beat earnings expectations of 11 cents, according to First Call. Zu finden bei CBS marketwatch
The revenue shortfall outweighed Nortel's statement that it expects earnings per share from operations to grow a bigger-than-expected 40 percent for all of fiscal 2000, compared with previous forecasts of growth in the high 30s.
Shares of Nortel (NT: news, msgs), Canada's largest company by market value, plunged $12.37 to $50.94 on Island ECN, a decline of 20 percent
SAN MATEO, Calif. (CBS.MW) -- Siebel Systems more than doubled both its license and services revenue, as the company beat earnings expectations for its third quarter by 3 cents.
The sales software company's (SEBL: news, msgs) total revenue rose 131 percent to $480.9 million, compared with $208.5 million for the same period in 1999. Revenue from license fees was $300.4 million, compared with $127.7 million in the year-ago quarter. Revenue from maintenance, consulting and other services was $180.6 million, vs. $80.8 million a year ago.
Net income was $71.0 million, or 14 cents a diluted share, compared with pro-forma net income of $27.3 million, or 6 cents a share in the year-ago quarter. Siebel beat earnings expectations of 11 cents, according to First Call. Zu finden bei CBS marketwatch
