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Short Take: Vantive to miss expectations

Office automation software developer Vantive said revenues for its second quarter would range between $35.5 million and $37.5 million, below earlier forecasts. It estimated its earnings would come in between 2 cents and 4 cents per share. Based in Santa Clara, California, Vantive said its revenue shortfall was due to lower-than-anticipated sales in North America. The company will release final figures for the quarter on July 23.

Office automation software developer Vantive said revenues for its second quarter would range between $35.5 million and $37.5 million, below earlier forecasts. It estimated its earnings would come in between 2 cents and 4 cents per share. Based in Santa Clara, California, Vantive said its revenue shortfall was due to lower-than-anticipated sales in North America. The company will release final figures for the quarter on July 23.