Services carry BEA in Q4
PrintAs expenses grow
Posted in Financial News, 24th February 2006 01:37 GMT
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In Brief BEA Systems claimed accelerating growth in its software sales while services continued to dominate the middleware company's revenue mix.
The company saw an 18 per cent increase in revenue from sales of its WebLogic and AquaLogic products to $155m for its fourth quarter, running to January 31, 2006. Services grew 16.7 per cent, and accounted for $185m in revenue for the period.
BEA saw its combined revenue for the quarter grow 17.4 per cent to $341m. However, the company experienced a 14.9 per cent drop in net income to $35m, on the back of increased expenses, while earnings per diluted share fell one cent to $0.09.
For the year, BEA saw revenue from licensing grow 5.8 per cent to $511m, while services surged 15.3 per cent to $688m. Total revenue grew 11 per cent to $1.19bn. Net income increased 8.9 per cent to $142m, while earnings per diluted share increased four per cent to $0.36.®
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