The company, which provides Web infrastructure products that act as a kind of "digital DNA" for corporations, touted its return to double-digit revenue growth and breaking the $1 billion revenue mark.
BEA reported fourth-quarter earnings of $42.8 million, or $0.10 per share, compared to $35 million, or $0.08 per share, a year ago. Revenues increased 10% to $278.1 million. Licensing fees, which crept up 2% last quarter, were up 6% this time around.
The company with many of the usual suspects in tech, such as Microsoft
In its conference call (transcript courtesy of CCBN StreetEvents), BEA said its deal making has involved new and existing customers such as AT&T Wireless
BEA, which had a similarly upbeat third quarter, sees a continued good year ahead, prognosticating that it will post $260 million to $270 million in revenues for its fiscal first quarter.
So, here's one thing to jot down in your notes about the outlook for the economy: BEA may have been a little cautious last quarter, what with "continuing challenges in the IT spending environment." It sounds like a much more upbeat outlook this time around, citing both the usual seasonality as well as promising momentum.
Whether or not BEA can show IBM a thing or two, one thing's for certain: Its strong signing of customers shows an economy that's dying to get back on track. Investing in electronic infrastructure shows that maybe a lot of enterprises are peeking back out of their hibernation. And that's good news. Investors thought so, too, bidding shares of BEA up about 4% in afternoon trading.
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Alyce Lomax does not own shares of any of the companies mentioned.