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read moreSybase revenues and earnings boost in 2005
Stan Beer
Monday, 30 January 2006 05:55
Database and infrastructure software vendor, Sybase, posted strong results for the 2005 fourth quarter and year ended December 31, 2005.
For the year, total revenues increased 4% to US$818.7 million while net income for 2005 increased to US$85.6 million compared with US$68.0 million for 2004.
"We're very pleased with our performance for the year, which marks another solid year for Sybase. We achieved our financial objectives on revenue and EPS growth, margin improvement, and cash flow from operations, as promised at the beginning of the year," said John Chen, chairman, CEO and president of Sybase.
"Sybase benefited from strong growth in our mobile/wireless business and renewed growth in our database business," added Mr. Chen. "The mobile/wireless revenues increased 23% year-over-year, while the combined license revenue from our analytics engine, Sybase IQ, and our flagship database, Adaptive Server Enterprise, grew 9% in 2005.
"We're looking forward to continuing our strong performance in 2006."
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