Seeking Alpha

Callidus Software raises guidance, shares +9.1% AH

  • Thanks to a strong Q3, Callidus (CALD) now expects 2013 revenue of $108.5M-$109.5M; that's favorable to a prior range of $106M-$109M and a $106.8M consensus. (PR)
  • Q3 revenue is expected to be in a range of $28.5M-$29M, above prior guidance of $26M-$27M and a $26.6M consensus. SaaS (cloud-based) revenue is believed to have grown 22%-35% Y/Y, and SaaS billings 32%-35%.
  • Full Q3 results are due on Oct. 31. Roth issued a bullish note last month.
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