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Tech Industry

Short Take: XcelleNet to fall short of expectations

XcelleNet, a provider of system management solutions for remote users, says its second-quarter revenues will fall short of Wall Street analyst expectations. The company predicts that revenues will be approximately $12 million, compared to $10.1 million in the year-earlier period, and earnings are estimated to be break-even compared to 5 cents per share in the year-ago quarter. Analyst estimates averaged $14.4 million, with earnings per share projected at an average of 14 cents. Complete results are scheduled to be released by the company on July 17, 1997.

XcelleNet, a provider of system management solutions for remote users, says its second-quarter revenues will fall short of Wall Street analyst expectations. The company predicts that revenues will be approximately $12 million, compared to $10.1 million in the year-earlier period, and earnings are estimated to be break-even compared to 5 cents per share in the year-ago quarter. Analyst estimates averaged $14.4 million, with earnings per share projected at an average of 14 cents. Complete results are scheduled to be released by the company on July 17, 1997.