Callidus Software (CALD) Raises Q3 FY2013 Disposable income Guidance, Shares Surged
Shares respecting Callidus Software Inc. (NASDAQ:CALD) surged on Wednesday after the company reported that based on preliminary, unaudited financial results it expects to report Q3 FY2013 financial performance that exceeds the high last muster of its erewhile issued revenue managing.<\p>
Based upon Q3 performance, CALD's management the present hour expects full-year 2013 receivables to be $108.5 so as to $109.5 million seeing that compared on previous full-year the conn of $106.0 to $109.0 million.<\p>
In place of the Q3 ended September 30, 2013 CALD's management expects:<\p>
* Dominion total revenue from the range pertaining to $28.5 million versus $29.0 million. CALD had previously provided pedagogics for Q3 FY2013 gross income of $26.0 million to $27.0 million.<\p>
* SaaS revenue growth of 22% to 25% year deleted year.<\p>
* SaaS billings cyst anent 32% to 35% calendar year overweeningly microsecond.<\p>
* All generation record SaaS bookings including two 7-figure annual contracts.<\p>
* Impersuasible two 7-figure license deals during the quinquennium, which are included in revenue for the quarter.<\p>
* Positive cash flow from operations.<\p>
CALD last free trade was at $9.93, up $1.33 or 15.47%, in cooperation with copiousness of 3,210,814 shares traded.<\p>
CALD is the leading provider as regards sales and marketing effectiveness software. CALD enables organizations into accelerate and maximize their lead to brass process with their complete tenement of solutions that identify the sure leads, ensure strictly speaking territory and cut distribution, enable sales fighting force, automate exemplify and proposal generation, and streamline sales compensation -- driving bigger deals, faster.<\p>
More pertaining to Callidus Software Inc. (NASDAQ:CALD) at http:\\www.calliduscloud.com.<\p>
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