Business intelligence software provider Sybase has reported a 36% decline in net income to $47.3m for the fourth quarter 2008, compared to $73.5m in the year-ago quarter, on revenue up 3.4% at $305m.
It said sales were driven by database license growth of 28% and messaging growth of 29%. License fee revenue grew 8% to $122m, services revenue declined 2.4% to $140m, and messaging revenue increased 11% to $43.2m.
Operating income grew 4.5% to $70m, while diluted EPS declined 28% to $0.58. Cash and cash equivalents by the end of the quarter was $611m.
For the year, the company reported a 7% decline in net income to $139m on revenue up 10% at $1.13 billion. Operating income grew 24% to $210m, while diluted EPS increased 2% to $1.64.
John Chen, chairman, chief executive, and president at Sybase, said: We are extremely proud to deliver our first-ever quarter exceeding $300m in revenue. Sybase’s success is driven by our consistently strong execution, compelling product portfolio, and long-standing fiscal conservatism. This is the result of judiciously investing in our Unwired Enterprise strategy, together with our ongoing efforts to streamline operations and prudently manage company assets.
For the first quarter 2009 it expects revenue of $260m to $270m and diluted EPS between $0.27 and $0.29. For fiscal 2009, it expects revenue of approximately $1.14 billion and diluted EPS between $1.62 and $1.67.
