Siebel Sales, Profits Up Sharply - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Siebel Sales, Profits Up Sharply

Siebel Systems Inc. shows no signs of losing its grip on the top spot in thecustomer-relationship management market, nearly doubling revenue for its third quarter in results reported today.

The company posted $195.3 million in revenue for the quarter ended Sept. 30, up from $104.2 million in the year-ago quarter. The company's profits rose at an even higher rate, growing 114% from $14.1 million.

While Siebel's meteoric growth rate can be attributed in part to the fact that it is still a relatively small company, CEO Tom Siebel says he's optimistic the business can maintain a high growth rate even as it nears the billion-dollar mark. In what he says is evidence of the company's dominance, Siebel says the company is unopposed in 39% of its sales opportunities.

License fee revenues grew 63% during the year to account for 64% of revenue, compared to 74% in last year's third quarter. Correspondingly, services grew 157% as more of the company's business comes from service contracts and maintenance renewals.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
Slideshows
IT Careers: 12 Job Skills in Demand for 2020
Cynthia Harvey, Freelance Journalist, InformationWeek,  10/1/2019
Commentary
Enterprise Guide to Multi-Cloud Adoption
Cathleen Gagne, Managing Editor, InformationWeek,  9/27/2019
Commentary
5 Ways CIOs Can Better Compete to Recruit Top Tech Talent
Guest Commentary, Guest Commentary,  10/2/2019
Register for InformationWeek Newsletters
Video
Current Issue
Data Science and AI in the Fast Lane
This IT Trend Report will help you gain insight into how quickly and dramatically data science is influencing how enterprises are managed and where they will derive business success. Read the report today!
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll