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Siebel hits targets

But not happy about the future...

By John Oates

Published: 19 July 2001 08:39 GMT

Careful cost controls helped Siebel meet Wall Street's expectations but it is far from confident about the future.

Sales for the second quarter were $549.7m compared to $397.5m for the same period in 2000. Profits were up to $76.6m, from $49.1m.

Tom Siebel, chief executive of Siebel, told a conference call: "It's tough and it's going to get tougher."

Siebel warned income for third and fourth quarters will fall short of analysts' expectations. The company predicted sales of between $250m and $350m for the third quarter, rising to around $350m for the fourth quarter.

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