The announcements are just, including Siebel Systems, PeopleSoft, Sybase and WebMethods, to warn of weaker-than-anticipated financial results in the first quarter of the calendar year. Most have indicated that uncertain world politics and a feeble economy have put a drag on their ability to close sales.
Chordiant, which competes in the customer relationship management software market, expects a first-quarter revenue of between $13.5 million and $14 million. Analysts polled by First Call anticipated Chordiant would post a loss of 4 cents per share on $16.5 million in revenue. Chordiant did not discuss first-quarter earnings figures. The Cupertino, Calif., company specializes in customer service and support software with a focus on retail banking and insurance firms.
Manhattan Associates, which sells inventory and logistics software for retailers and their suppliers, expects to hit its first-quarter revenue targets of between $45 million to $46.5 million. However, earnings of 16 cents to 18 cents per share, excluding certain charges, are below First Call's consensus estimate of 22 cents for the Atlanta-based company.
SeeBeyond, based in Monrovia, Calif., said it lost 8 cents per share on revenue between $35 million and $36 million in the first quarter. First Call analysts had anticipated a loss of 5 cents per share on revenue of $38.3 million.
All three companies plan to post full first-quarter results on April 22.