Business software maker Siebel Systems Inc on Monday said third-quarter revenue would beat Wall Street estimates, sending its shares up 17 percent in pre-market trade.
The largest vendor of software for managing sales and customer service also said it was comfortable with analysts' expectations for the fourth quarter.
Siebel said it expects third-quarter revenue of $315 million to $317 million, compared with the average Wall Street estimate of $306 million. The company posted revenue of $321.4 million in the year-earlier third quarter.
Siebel said it expects pre-tax income of $36 million to $38 million for the quarter.
Its shares rose to $9.57 on the INET electronic brokerage network, up from a close at $8.19 on Nasdaq on Friday.
Siebel executives have said the company faces significant competition from an array of companies, such as Oracle Corp, and will continue to look at possible acquisition opportunities to help it grow.
Some analysts have speculated Siebel could be unseated by the end of this year as the top customer relationship management (CRM) software provider by SAP AG of Germany, the world's biggest business software maker.
In the second quarter, Siebel posted a profit after cutting costs, despite a 10 percent dip in sales as customers delayed buying CRM systems at the end of the quarter.
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