Feeds

BEA shares slide

'Evidence of decelerating license growth'

Top three mobile application threats

BEA Systems is out of favor on Wall Street amid growing concern it's losing business to IBM and Oracle and growth is being fluffed out by services.

The company's shares tumbled 17 per cent by early afternoon trading the day after reporting preliminary results that narrowly missed analysts' expectations.

Merrill Lynch cut BEA's share price targets, telling clients the stock is overvalued and that the company's growth is being eclipsed by IBM and Oracle. According to Merrill, "evidence of decelerating license growth mounts".

BEA on Wednesday reported 19 per cent revenue growth to $347.7m for its third quarter - Thompson Financial expected $348.7m. Worse, revenue from sales of new software was beaten by services. Licensing grew 12 per cent to $136.4m compared to services, which increased 24 per cent to $211.3m

The company did not say whether growth is coming from its existing WebLogic business or companies acquired for AquaLogic. Also, BEA has not reported full results because of an internal review into stock option grants.

BEA expects fourth-quarter revenue between $378m and $392m. Analysts are expecting $382.3m.®

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.