Hyperion Solutions Inc. (Nasdaq: HYSL) said Friday it will miss expectations for the quarter ending Sept. 30. Shares tumbled 43 percent.
Shares in the maker of business analysis software were down 8.25 to 11.12, far below their 52-week high of 65.
Hyperion now expects to report license revenues of $44 million to $45 million, total revenues of approximately $110 million to $115 million, and a net loss for the quarter when it reports financial results on Oct. 24. First Call had been expecting a profit of 15 cents a share.
"In North America, sales force focus and execution simply fell short," said CEO Jeff Rodek in a company statement.
The company said lower license revenue in North America in the critical last week of September was to blame. The company said it plans to have a more complete picture of the problem in the next three weeks.
Apple is nixing iPhone parenting apps: Here's why: Let's dive into the saga of mobile device management, or MDM, software and why it's causing a showdown between Apple and iOS developers.
What Amazon's one-day shipping means for you: Last week, Amazon announced it will decrease the standard shipping time for Prime members from two days to one. In this Tech Minute, here's how this change will impact your deliveries.
Discuss: Hyperion thumped by warning
Be respectful, keep it civil and stay on topic. We delete comments that violate our policy, which we encourage you to read. Discussion threads can be closed at any time at our discretion.