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Callidus Software Inc Issues Q3 2013 Revenue Guidance Above Analysts' Estimates; Narrows FY 2013 Revenue Guidance; Lowers FY 2013 Net Income Guidance

Thursday, 1 Aug 2013 04:01pm EDT 

Callidus Software Inc announced that for third quarter of 2013, it expects total revenue to be in the range of $26-$27 million. For fiscal 2013 the company expects revenue to be in the range of $106-$109 million, representing a narrowing of previous guidance of $105 to $110 million. GAAP operating loss is expected to be in the range of $13 to $14 million. Non-GAAP operating income is expected to be in the range of $3.5 to $4.5 million, representing a reduction from the prior guidance range of $4.0 to $5.0 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $25 million for third quarter of 2013; revenue of $106 million and net income of $1.97 million for fiscal 2013. 

Company Quote

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