BEA Systems reported a rise in first-quarter revenue and profit, buoyed by brisk sales and a jump in services revenue. The infrastructure software maker said that revenue was $281.7 million in the quarter ended April 30, a 7 percent increase from the same period last year.
Net income according to generally accepted accounting principles (GAAP) climbed 35 percent to $34.1 million, or 8 cents a share. Non-GAAP net income excluding special items was $35.8 million, or 9 cents a share--in line with analysts' expectations.
Despite the profit increase, the company's new-license revenue--a closely watched indicator of financial health--dipped slightly from $120 million in the first quarter last year to $116 million. BEA's services revenue grew 16 percent to $165 million year over year. ?Our first-quarter performance was driven by strong customer demand, great products, improved sales execution, and continued strength in our customer support business,? said company CEO Alfred Chuang. BEA's stock price was up 2 percent to $8.14 in after-hours trading.
Join the conversation
Comment replyThe posting of advertisements, profanity, or personal attacks is prohibited. Click here to review our Terms of Use.
Apple, Google, Microsoft, Amazon--all are targets for Mozilla's plan to use Web apps to free people from ecosystem lock-in. Also: new Firefox features aplenty.
The rise of Apple's stores is one of the past decade's great retail stories. So, why then does the company continue to creep back into the big-box outlets and will this hurt the brand?
The company helps small businesses with little tech savvy build apps easily, and now its partner Constant Contact will email-blast prospective users, too.
The Samsung Galaxy Mini 2 S6500 could make its debut at the Mobile World Congress in Barcelona later this month, according to a leaked promotional image.
Web giant is spending $120 million to beef up its Mountain View, Calif., headquarters, according to filings with the city reviewed by the San Jose Mercury News.
Join the conversation