BEA meets lowered expectations

Amid industry speculation about the company's long-term viability, BEA Systems has reported revenue of $262.3m for its most...

Amid industry speculation about the company's long-term viability, BEA Systems has reported revenue of $262.3m for its most recent financial quarter, in line with the lowered projections released by BEA last week.

The company's revenues were up 7% from the $245m it reported in the same quarter last year, but fell below its earlier revenue projections of  between $265m and $275m.

Those projections were lowered by BEA last week as reports of executive defections began to circulate in the press.

Departing BEA executives included chief technology officer Scott Dietzen, and Adam Bosworth, the company's chief architect responsible for longer-term initiatives, as well as Scott Edgington, vice-president of worldwide channels and alliances; Rick Jackson, the company's senior vice-president of marketing; and senior director of product marketing Erik Frieberg.

Though the company signed 18 licensing deals worth $1m and added 488 new customers during the quarter ended 31 July, BEA's licensing revenues fell to $116.3m for the quarter.

Licensing revenues for the second quarter of the company's financial year were $127.4m, BEA said.

Following the revised guidance, financial analysts had been expecting BEA to report revenues of $262.8m and earnings of $0.07 per share, according to a survey conducted by Thomson First Call.

Robert McMillan writes for IDG News Service



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