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.
By submitting your email address, you agree to receive emails regarding relevant topic offers from TechTarget and its partners. You can withdraw your consent at any time. Contact TechTarget at 275 Grove Street, Newton, MA.
"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.