The struggling company blamed the shortfall on delays in government deals closing and said it plans to take charges that could total up to $90 million with most of that coming in its second quarter.

Siebel expects total second-quarter revenue of $312 million to $314 million, below Wall Street consensus of $318.5 million, according to Reuters Estimates.

Siebel said new sales of software licenses, a key widely watched barometer of future growth and cash flow due to recurring revenues that flow from software upgrades and technical support, were expected at about $78 million.

Siebel had originally forecast license revenues of $90 million to $100 million. A year-ago the company posted about $95 million in new license sales.

By: DocMemory
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