Q3 Financials Soar
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Recent quarterly financials in the CRM industry show increased revenues all around. CRM big dog Siebel Systems led the pack with net revenues of $195.3 million, compared with $104.2 million for the same period last year. The number two CRM vendor Clarify, now a division of Nortel, also announced record revenues of $63 million, an increase of 84 percent over the $34.5 million Q3 1998. The number three vendor, Vantive, announced flat revenues of roughly $42 million, which is the same amount it earned for the same period last year. The company, recently bought by ERP vendor PeopleSoft, reported a net loss for the quarter of between $0.16 and $0.18 per share. Other vendors reporting quarterly financials include:

  • Pivotal, which reported revenues of $8.7 million, up 90 percent over the same period in 1998;
  • Canadian CRM vendor Janna Systems, with revenues up 92 percent to $4.8 million;
  • E-business analysis solution provider Broadbase, which reported $2.8 million in revenues, a 179 percent increase over Q3 1998;
  • Austin, Texas-based e-business application provider Vignette, which reported $24.2 million in revenues for the quarter, a whopping 459 percent increase over last years Q3 numbers.
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