BEA Profits More than Triple for Fiscal Q4
The company reported Wednesday net income of $35 million on sales of $249 million.BEA Systems Inc. reported Thursday that its profits more than tripled in its fourth fiscal quarter on a rise in revenue over last year. San Jose, Calif., based BEA reported net income of $35 million for the quarter ended January 31, 2003, up from $10.6 million for the same period a year ago. The company had overall revenues of $249 million for the quarter, up from $231 million for the same period last year.
Alfred Chuang, CEO of BEA, praised his team for "a very solid performance for the fourth quarter," during a call with press and analysts. He said the company had 21 deals worth more than $1 million during the quarter and 12 of those were deals worth more than $2 million.