Sybase reports record second quarter results

Sybase, a global industry leader in enterprise and mobile software, has announced record financial results for the second quarter ended 30 June.

Among the highlights were second-quarter records in total revenue, operating income, operating margin, net income, and earnings per share (EPS):

* Total revenue up 9% year-over-year;
* Mobile software licence revenue increased 12%;
* Messaging revenue increased 24%;
* GAAP operating income up 17% to $74.3 million, representing operating margin of 25%; and
* GAAP EPS up 19% to $0.51.

Total revenue for the second quarter of 2010 grew 9% to $302 million, compared to $278 million in the second quarter of 2009. Licence revenue grew 6% to $100 million, compared to $94.1 million in the second quarter of 2009. Services revenue grew 5% to $147.2 million, and messaging revenue grew 24% to $54.8 million in the second quarter of 2010.

Operating income calculated in accordance with generally accepted accounting principles (GAAP) for the second quarter increased 17% year-over-year to $74.3 million, representing an operating margin of 25%.

For the quarter, GAAP net income grew 20% year-over-year to $45.3 million. GAAP EPS grew 19% year-over-year to $0.51.

"Sybase has delivered another record quarter, including historical second-quarter highs in revenue, operating margins, and earnings,” says Alan Cowley, CEO of Sybase South Africa.

“Sybase's consistently strong financial performance demonstrates the company's market leadership, validates its Unwired Enterprise vision, and reflects the compelling market opportunities that exist in enterprise mobility and analytics.”