Siebel Systems has moved into the red for its fiscal 1997 year as a result of acquisitions made during the period, but is still showing positive underlying growth.
For the sales and marketing software supplier's fourth quarter, which ended on 31 December 1997, it saw revenues increase 168 per cent to $42.2 million.
But, the firm made a net loss of $14.9 million after charges of $22.7 million related to two acquisitions - Nomadic Systems and its pharmaceutical applications, and Interactive Workplace and its Internet-based decision support software. During the same period last year, Siebel generated profits of $2.5 million.
For the full year, the company saw sales of $118.8 million compared to $39.2 million last time, but it made a loss of $2.4 million compared with profits of $5 million last time.
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