San Jose, California-based BEA reported growth in revenue and net income for the fourth fiscal quarter, and growth in annual net income but said total revenue for fiscal 2002 declined by 4.2%.
Company executives declined to provide the financial guidance for the new fiscal year during an analysts’ conference call.
The executives said it was difficult to predict full-year results given current geopolitical issues, the weak global economy and uncertain technology-spending plans. BEA’s new fiscal year began on February 1.
Executives were willing to look to the end of BEA’s current quarter, however, ending on April 30. They expect total revenue between $235m to $239m, which is largely in keeping with analysts’ forecasts.
BEA chief executive Alfred Chuang added that the global business environment was challenging, although execution by the company has been near flawless.
Chuang joined chief financial officer Bill Klien announcing BEA’s annual and quarterly results this week. BEA net income for the quarter to January 31 2003 grew 230% to $35m on revenue of $249.3m, up from $231.3m, while earnings per diluted share came in at $0.08, up from $0.03.
For the year, BEA recorded annual net income of $83.8m, reversing a $35.6m net loss, on revenue that declined 4.2% to $934m. Earnings per share came in at $0.20, up from a $0.09 loss per share.
Source: Computerwire
