Business:
Chordiant solutions automate and manage operational business processes for leading service-driven global organizations in retail banking, card services, lending, insurance and telecommunications.
In at 3.70
mental stop at 3.50
15 minute ma breached - getting ready to get out.
Out at 3.75
This may go up from here.
Good Luck to all.
(CHRD)........
AFTER HOURS - TOP STORY
Chordiant Software Misses Q4 Sales
Estimate; Guidance In-Line with Consensus
Chordiant Software Inc (CHRD) reported fourth quarter results ended
September 2007. Fourth Quarter Revenues were $32.08M; up more
than 47% from the same period the year before, but missing revenue
consensus of $35.57M. Fourth Quarter EPS was 16c. Adjusted Fourth
Quarter EPS was 18c; up more than 181% from the prior year's fourth
quarter results and meeting earnings consensus. Chordiant Software
also reported Year-End results ended September 2007. Fiscal Year
Revenues were $124.55M; up more than 27% from the same period
a year ago, but missing revenue consensus of $128.02M. Fiscal
Year EPS was 18c. Adjusted Fiscal Year EPS was 51c; up more than
270% from the prior year's results and beating earnings consensus
of 49c. The Company expects fiscal year 2008 revenue of $140M to
$150M and fiscal year 2008 non-GAAP EPS of 60c to 76c. The fiscal
year 2008 revenue and earnings forecasts are in-line with current
consensus estimates. Chordiant also expects total bookings for fiscal
year 2008 to range between $160M and $170M, increasing $10M
from the previous guidance of $150M to $160M. Chordiant expects to
generate positive cash flow in excess of $20M for fiscal 2008. Shares
of CHRD were down $1.64 or more than 14% in After Hours, early on
Thursday evening.
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