Gaining a stronghold in the application infrastructure market BEA Systems, Inc.
, the San Jose, Calif.-based software firm, yesterday announced results of its fiscal fourth quarter and fiscal year.
For the fourth quarter ended January 31, 2002, BEA reported total revenues of $231.3 million, including license fees of $137.9 million. BEA also generated $47.4 million in cash flow from operations.
For the fourth quarter, BEA reported pro forma operating income of $42.5 million and pro forma operating margin of 18.4 percent. BEA reported pro forma net income of $31.3 million and pro forma diluted net income per share of $0.07 for the fourth quarter.
Pro forma results exclude impairment charges and acquisition-related expenses, employer payroll taxes on stock options, net gains or losses on investments in equity securities, and other non-recurring charges.
For the fiscal year ended January 31, 2002, BEA reported total revenues of $975.9 million, up 19 percent from $819.8 million reported for the fiscal year ended January 31, 2001.
In fiscal 2002, BEA generated $225.0 million in cash flow from operations. For fiscal 2002, BEA had pro forma operating income of $178.0 million, up 33.4 percent from pro forma operating income of $133.4 million for fiscal 2001.
The firm had pro forma net income per share of $0.32 for fiscal 2002, up 28 percent from pro forma net income per share of $0.25 for fiscal 2001.
BEA’s pro forma operating margins improved to 18.2 percent for fiscal 2002, up from 16.3 percent for fiscal 2001, and its cash position remains strong with more than $1.1 billion in cash on the balance sheet.
As we expand to the broader application infrastructure market, we are taking the lead in making Web services ready for the enterprise,” stated BEA founder, president and CEO, Alfred Chuang.
“More and more of our Fortune 500 customers are moving toward larger projects on distributed architectures. As they do this, the performance advantages of our application infrastructure become increasingly apparent, and customers see the advantage of standardizing on a company-wide infrastructure.”
“Our penetration in the application infrastructure market is demonstrated not only by the individual successes of our recently released BEA WebLogic Integration and BEA WebLogic Portal products, but also by the increasing demand for our entire enterprise platform. Chuang continued.”
Among BEA’s key customer and partner deals for the quarter included AT&T, Bell Canada, China Construction Bank, Credit Suisse Group, Deutsche Bank, E*Trade, Hewlett-Packard, Prudential, Societe Generale, Texas Instruments, Sony Pictures, Verizon and Wells Fargo.
During the fourth quarter, BEA added nearly 700 new customers. New or expanded relationships were entered into with hardware, systems integrator, ASP, and ISV vendors including Accenture, Akamai Technologies, Andersen Consulting, AskJeeves, BMC Software, Compoze Software, Cyclone Commerce, Deloitte Consulting, Peregrine Systems, Pitney Bowes, Samsung SDS, SeeBeyond and Valtech.