Siebel, which makes business software applications, said it expects to generate about $301 million in revenues for the quarter ended June 30. Analysts expected the company to generate $353 million in revenue, according to First Call.
?These disappointing results were primarily due to unexpected delays in purchasing decisions by certain prospects and customers near the end of the quarter,? the company stated in a release.
Earnings warnings from PeopleSoft
and other companies underscore
the rising challenges of selling
software to corporate customers.
Siebel expects to post operating income of between $2 million and $4 million in the quarter, according to the company. It did not break out its figures on a per-share basis. Analysts were expecting the company to report earnings of 7 cents a share, according to First Call.
The software maker is the latest applications vendor to warn its second quarter results would be less than expected. Earlier Wednesday, PeopleSoftSiebel was down sharply in after-hours trading to $7.65. During the regular session, Siebel closed at $9.21, up 2.56 percent from the previous day. would come in weaker than expected.
BMC said its revenues are expected to be between $318 million and $328 million. In April, the company had predicted revenues between $345 million and $355 million.
BMC also lowered its earnings forecast to 11 to 14 cents a share, compared with its earlier projections of 12 to 16 cents a share.
Shares of BMC fell to $15.30 in after-hours trading. During the regular session, BMC closed at $16.67, a decline of 1.36 percent.