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News >> Technology >>
Selectica affirms Q2 guidance
By siliconindia
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Wednesday, 09 October 2002, 19:30 IST
SAN JOSE: Selectica Inc. (Nasdaq: SLTC), a provider of Interactive Selling Systems (ISS) for e-Business, Wednesday announced that its fiscal second quarter results would be in line with earlier guidance. The company also announced the departure of executive vice president of sales David S. Batt citing personal reasons.
The company stated that preliminary results for the fiscal quarter ended September 30, 2002 are in line with prior guidance with revenue between $9 and $10 million. The company expects a pro-forma earnings per share loss in the range of $0.08 to $0.11.
The company, however, stated that new bookings for the quarter were weak due to the current economic conditions in the enterprise software industry. Final financial results will be released after market close on October 24, 2002.
Dr. Sanjay Mittal, chief executive officer of the company said, "We sincerely appreciate Dave's contributions in building our sales organization and wish him all the best in his future pursuits."
Selectica, Inc. enables enterprises to reduce costs and maximize revenue from complex product and services offerings. Selectica solutions unify customers' business processes to correctly configure, price, and quote offerings across multiple distribution channels.