Sybase earnings sail past Street's expectations
Correction: Sybase reported a 13 percent increase in license revenue, based on constant currency.
Update at 7:49 a.m. PST, with comments from the conference call.
Sybase posted fourth-quarter results on Wednesday that sailed past Wall Street's earnings expectations.
With earnings driven by strong growth in its core database business, company shares jumped 7.8 percent to $27.87 in early-morning trading.
Revenues during the quarter rose to $305.1 million, up 3 percent over the same time a year ago. Wall Street was expecting the enterprise software company to make $300.3 million, according to Thomson Reuters. … Read more