Licence growth pushes up BEA profits
Published: 19 Aug 2005 15:45 BST
BEA Systems reported an 18 percent quarterly jump in net income and saw its license revenue increase for the first time in more than a year.
The infrastructure software company said that earnings for its second quarter ending 31 July were $36.1m (£20m). Revenue in the quarter climbed 9 percent year over year to $285.2m. Licence revenue, which had declined for the previous five quarters, grew by 2 percent to $118.3m. Company chief executive Alfred Chuang attributed the results to sales of its core product, WebLogic Server, and its other Java servers. "BEA is on the move. We are making strides in our existing product portfolio while delivering a new product family that leverages our performance lead in the core application server market and opens opportunities for BEA in new growth markets," he said in a statement.
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