In Agilent's earnings announcement last week, the company said the transition cost it US$105 million in lost revenue in the quarter. Overall, it reported revenue of US$1.39 billion, compared with the US$1.5 billion to US$1.6 billion it had projected. And it reported that it lost US$0.31 a share, excluding one-time expenses, twice the 15-cent loss analysts had expected.
Fitzgerald from Banc of America Securities said the new software system was not alone to blame for the financial struggles. He said that the company had yet to develop a tough, profit-oriented culture since it left HP. He said the company's operating margins last quarter were minus 18.8 percent, a figure he called miserable.
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