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Sybase posts profitable Q3

Beats Street predictions

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Sybase has beaten Wall Street expectations and turned predictions it would just break even during its third quarter into a profit. The database specialist posted a profits of $2.2 million on revenues of $210.2 million. That represents a fall in revenue from the same period last year, down from $233 million, but a significant improvement in profit, up from a loss of $6 million. Sybase CEO John Chen said the results were in accordance with the company's gameplan. "We continue to make progress in our efforts to maintain profitability and enhance our product and service offerings," he added. ® Click for more stories

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