BEA Profits More than Triple for Fiscal Q4

By Darryl K. Taft  |  Posted 2003-02-21 Print this article Print

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.
The company saw license revenues of $135 million and services revenues of $115 million, he said. On guidance for the current quarter, Chuang said he expects revenue to fall in the range of $235 million-to-$239 million. Chuang said BEAs integration push has led the way for the company. "Business integration is BEAs imperative," he said. "We have more developers on our integration products than any other" competitive offerings, he said. In terms of vertical markets, the telecommunications market led the way in terms of BEA sales. The company did 27 percent of its business over the quarter with telecommunications companies. The government market accounted for 17 percent, banking and finance for 14 percent and manufacturing for 11 percent, among other market categories. Chuang said the company grew by 27 people, mostly in the development area.
Darryl K. Taft covers the development tools and developer-related issues beat from his office in Baltimore. He has more than 10 years of experience in the business and is always looking for the next scoop. Taft is a member of the Association for Computing Machinery (ACM) and was named 'one of the most active middleware reporters in the world' by The Middleware Co. He also has his own card in the 'Who's Who in Enterprise Java' deck.

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