Netegrity announced earnings on Monday afternoon -- beating Q4 expectations, but lowering their sales target for Q1. Their CFO attributes the Q1 lowering to the "unexpected budget flush" that their customers experienced in Q4 -- something that won't be evident in Q1, combined with a slow start to IT spending in 2004.
Overall, it looks like Netegrity had a good year -- adding a bunch of new customers and making a key acquisition in Business Layers.
Read more about it here and here.
Posted by ejnorlin at January 28, 2004 07:42 AM