Ross Systems said on Thursday that revenues from software licence sales for its third fiscal quarter would not meet analysts? expectations because of delays in customer buying decisions.
Analysts had expected the process manufacturing applications supplier to generate total sales of about $13 million and profits of about $29.6 million or $0.09 per share.
But Robert Webster, Ross? chief financial officer, said: "Our results have not yet been completely tabulated, but in our closing activity, we see a disappointment and we will not meet analysts?expectations. We?ve detected a softness in the enterprise resource planning market and like most of our major rivals will report weakness this quarter."
The firm will announce its results on 22 April.
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