Feeds

Sybase results disappoint

But buys XcelleNet...

  • alert
  • submit to reddit

Choosing a cloud hosting partner with confidence

Sybase says its first quarter results will be worse than expected because several large deals with telecoms companies have failed to come through. It expects these deals to go through next quarter and so hasn't changed its guidance on full year turnover and profits.

The database company expects turnover for the quarter ended 31 March 2004 to be between $183m and $185m, rather than the $191m predicted by analysts. Earnings per share will be between 18 cents and 20 cents instead of 24 cents.

John Chen, chairman, CEO and president at Sybase, said in a statement: "We were impacted by several large telecom transactions that did not close this quarter as anticipated, but which we expect to close in future quarters.

"Despite the slippage in Q1, we still see an increase in both revenue and pro forma EPS from the same period last year. We remain positive about our long term strategy and about Sybase meeting the full-year revenue, cash flow and EPS expectations".

In other news Sybase has bought a privately-held security company,XcelleNet, from investment house Francisco Partners for approximately $95.2m. The price may be adjusted due to changes between 31 December 2003 and the close of the deal.

XcelleNet specialises in remote management and mobile device security. It will be integrated into Sybase's iAnywhere product family.

The takeover strengthens Sybase hand in the growing market for mobile security middleware. The deal should close in the second quarter of 2004. The company also brings 2,200 customers to Sybase. ®

Related stories

Sybase comes to Mickey Mouse's rescue
Sybase changes its spots
Sybase pumps $25m into Wi-Fi bubble

Internet Security Threat Report 2014

More from The Register

next story
Preview redux: Microsoft ships new Windows 10 build with 7,000 changes
Latest bleeding-edge bits borrow Action Center from Windows Phone
Google opens Inbox – email for people too thick to handle email
Print this article out and give it to someone tech-y if you get stuck
Microsoft promises Windows 10 will mean two-factor auth for all
Sneak peek at security features Redmond's baking into new OS
UNIX greybeards threaten Debian fork over systemd plan
'Veteran Unix Admins' fear desktop emphasis is betraying open source
Entity Framework goes 'code first' as Microsoft pulls visual design tool
Visual Studio database diagramming's out the window
Google+ goes TITSUP. But WHO knew? How long? Anyone ... Hello ...
Wobbly Gmail, Contacts, Calendar on the other hand ...
DEATH by PowerPoint: Microsoft warns of 0-day attack hidden in slides
Might put out patch in update, might chuck it out sooner
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.