Profits have dipped at application infrastructure
software firm BEA Systems as expenses and charges hit its fourth
quarter earnings figures.
BEA Systems posted profits of $35.4m (£20.3m) in its fourth
quarter results, down from $41.6m in the same quarter last
year.
But the company said figures excluding certain
acquisition-related expenses and other charges showed a more
positive $48.7m profit, up 8% from $45.2m a year ago. The expenses
include one-off $6.7m net tax payment principally associated with
repatriation of foreign-earned income under the American Jobs
Creation Act, the results show.
Total revenues for the quarter were $341.4m, up 17% year on
year. Revenue from licence fees rose 18% to $155.9m, while services
revenue went up 17% to $185.6m.
Alfred Chuang, chairman and chief executive, said, “For the
third consecutive quarter, our year-over-year licence revenue
growth rate accelerated. We believe our momentum is continuing in
the first quarter, where we expect a double-digit year-over-year
licence revenue growth rate.”
He highlighted the firm’s double-digit organic growth rate,
boosted by its new Aqualogic product line, adding that the Weblogic
Server business had continued to grow faster than industry
analysts' projections for the application server market.