BEA Reports
23rd Consecutive Quarter of Record Success
BEA
has again announced record revenues-for the 23rd consecutive
quarter.
Based on last year's growth, highlights for the quarter include:
WebLogic® business growth of 70 percent, revenues
up 44 percent, license fees up 65 percent, pro
forma operating income up 128 percent, pro forma net
income up 101 percent, pro forma diluted net income
up 100 percent. In addition, BEA added more than 850
new customers and 130 net new ISVs/ASPs. Read
the complete results.
BEA
Founder, Chairman and CEO Bill Coleman said, "I am proud of
our team's execution in meeting our financial and business
objectives in a very difficult and challenging business environment.
In the second quarter, BEA continued to make significant strides
in expanding our market leadership and expanding our product
set beyond the application server into an e-business platform,
setting the stage to further expand the Java market."
BEA
made three major advances: releasing the Web Services version
of BEA
WebLogic Server™, releasing a standards-based integration
product in BEA
WebLogic Integration™, and announcing BEA
WebLogic Portal™ 4.0 to expand BEA's current portal
framework. Together, these products comprise the BEA
WebLogic E-Business Platform™, which combines application
server, Web Services, integration, and portal technologies
into a powerful single, integrated, standards-based e-infrastructure
solution. With this complete and integrated platform, BEA
will make it easier than ever for customers to connect business
processes, link enterprise and e-commerce applications, and
share information across the enterprise and the Internet.
New
Business Relationships
"Business relationships BEA entered into this quarter with
systems integrators and software vendors will allow customers
to connect leading packaged applications such as SAP, PeopleSoft,
Oracle, Siebel, and Vignette to this platform, which will
help drive customer adoption of the J2EE standards-based approach
to integration," stated Coleman.
"The most important business developments this quarter are
designed to greatly expand the Java market. These developments
were the alliance with Intel, followed with announcements
from our joint hardware OEM partners including BULL, Compaq,
Dell, Hewlett-Packard, NCR, NEC, and Unisys. Together, BEA,
Intel, and the OEMs are creating a low-cost Java product designed
to increase the Java market by addressing small and mid-sized
businesses as well as departments of large companies. We believe
that Intel chose the BEA WebLogic E-Business Platform not
only because it is acknowledged as the best technology, but
also because BEA has the partner and alliance ecosystem in
place to rapidly deploy our combined solution. Specifically,
the packaged applications that run on BEA WebLogic and the
8,000 consultants trained and ready to implement WebLogic-based
systems provide the capability of quickly driving Intel-based
servers into the market. We believe that this relationship
validates the Sun-BEA Java strategy and increases the market
opportunity for all Java players."
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