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.

Email Alerts

Register now to receive IT-related news, guides and more, delivered to your inbox.
By submitting your personal information, you agree to receive emails regarding relevant products and special offers from TechTarget and its partners. You also agree that your personal information may be transferred and processed in the United States, and that you have read and agree to the Terms of Use and the Privacy Policy.

COMMENTS powered by Disqus  //  Commenting policy