BEA reports strong third quarter after failed Oracle takeover


BEA reports strong third quarter after failed Oracle takeover

Antony Savvas

BEA has emerged from a failed takeover bid by Oracle to report a 59% increase in net profits for the third quarter.

For the quarter ending 31 October, BEA posted net profits of £28m on sales up 11% at £192m, when compared to the same quarter last year.

Although license fees dropped by 1%, the enterprise infrastructure software firm said service fees jumped 18% in a year. Operating margins also increased from 10.8% a year ago to 16.7% this time.

"In spite of significant distractions during the quarter, the team did an outstanding job executing to our revenue plan and generating a strong pipeline of business opportunities as we head into our seasonally strong fourth quarter," said Alfred Chuang, BEA CEO.

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