Chordiant Software Stock (NASDAQ:CHRD) results Misses Expectations, Shares Down

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Chordiant Software, Inc. (NASDAQ:CHRD) fell 5.28% to $3.05 after it reported worse-than-expected results for its fiscal fourth quarter ended September 30. Revenue was $15.2 million, down from $28.4 million a year, and below the Street at $17.9 million. A non-GAAP loss of 7 cents a share was worse than the Street consensus estimate for a loss of a penny a share.

The company did not give a specific fiscal 2010 forecast, but it did say total license revenue should be higher than the $22.5 million posted in FY 2009. The company expects to return to non-GAAP profitability, and to generate positive operating cash flow.

Chordiant Software, Inc. (Chordiant) is an enterprise software company that delivers products and services designed to improve the customer experience in front-office processes for global companies primarily in the insurance, healthcare, telecommunications and financial services markets. Chordiant provides companies in these markets with solutions that help them manage their customer interactions.

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