Onyx Software said Tuesday that it expects to report higher earnings and revenue than it previously had estimated for the second quarter, which ended June 30. In a preliminary earnings announcement, the company said it expects to book $18 million in revenue for the quarter, compared with an estimate of $16.2 million by analysts polled by research firm First Call. Onyx's revenue is down sharply from the same quarter last year when the company reported $28.9 million in revenue.
The seller of customer relationship management software said it expects to report break-even pro-forma earnings. Analysts polled by First Call expect a pro-forma loss of 3 cents a share from the company. Onyx plans to announce final results for the quarter on July 23. The news is a reversal of fortune after the company missed first-quarter revenue expectations, along with many other business software companies.