BEA Systems On Revenue Roll - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

BEA Systems On Revenue Roll

BEA Systems Inc. scored its 12th consecutive quarter of record revenue when it reported results today for its third quarter ended Oct. 31. But it disappointed investors with weak net income and earnings figures.

Revenue for the quarter was $80.9 million, up 81% from the same period last year. But the company reported a net loss of $6.2 million, or 9 cents a share. This compares with a loss of $40.3 million or 59 cents a share year-over-year.

The results included a one-time charge for BEA's acquisition of WebLogic Inc. Excluding the charge, the company reported net income of $7.9 million, or 7 cents a share, up 88% from adjusted net income of $4.2 million, or 4 cents a share, in the third quarter of 1997. Analysts had expected 9 cents a share for the quarter.

BEA saw growth in its professional services business, as well as improved gross margins, company officials said. But the weakened Asian market and slowdowns in the United States and Europe lengthened the enterprise software sales cycle, hurting results, the company added.

For the first nine months of its fiscal year, BEA reported revenue of $207 million, compared with $113 million for the same period last year. Excluding one-time charges, net income was $16.3 million, or 14 cents a share, compared with $7 million, or 1 cent a share, for the first nine months of the prior fiscal year.

BEA closed up 1-3/4 to 26-3/8 ahead of the announcement.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
2021 State of ITOps and SecOps Report
2021 State of ITOps and SecOps Report
This new report from InformationWeek explores what we've learned over the past year, critical trends around ITOps and SecOps, and where leaders are focusing their time and efforts to support a growing digital economy. Download it today!
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

News
Remote Work Tops SF, NYC for Most High-Paying Job Openings
Jessica Davis, Senior Editor, Enterprise Apps,  7/20/2021
Slideshows
Blockchain Gets Real Across Industries
Lisa Morgan, Freelance Writer,  7/22/2021
Commentary
Seeking a Competitive Edge vs. Chasing Savings in the Cloud
Joao-Pierre S. Ruth, Senior Writer,  7/19/2021
Register for InformationWeek Newsletters
Video
Current Issue
Monitoring Critical Cloud Workloads Report
In this report, our experts will discuss how to advance your ability to monitor critical workloads as they move about the various cloud platforms in your company.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll