BEA Gets Revenue Boost
Q3 net income and revenue are up; BEA expects sales of its software to continue to grow in Q4.BEA Systems Inc. Thursday announced its third fiscal quarter earnings, reporting net income of $27.4 million on revenue of $234 million, which marked the first growth in the companys sales in more than a year. For the same period last year, BEA posted a net loss of $90.1 million on revenue of $219.6 million. BEA officials reported the company completed more than 2,500 transactions.
Officials said the company has been winning more business from key rival IBM. One official said BEA delivers software, while IBM sells "serviceware," an often-used criticism from IBM competitors that the computing giant tends to focus more on services than on software. However, for its third quarter ended Oct. 31, BEA showed significant growth in service revenue, up from $93 million in last years third quarter to $107.9 million for this years third quarter.