BEA Systems, Inc. is an application infrastructure software provider. The Company's WebLogic Enterprise Platform delivers a scalable software infrastructure designed to bring new services to market quickly, to lower operational costs by automating processes and to automate relationships with suppliers and distributors.

BEA Systems, Inc. est un fournisseur de logiciel d'infrastructure d'application.  Avec la plateforme d'entreprise de WebLogic de la compagnie fournit une infrastructure scalable de logiciel conçue pour mettre de nouveaux services sur le marché rapidement, pour abaisser des coûts opérationnels en automatisant des processus et pour automatiser des rapports des fournisseurs et des distributeurs

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BEA Reports Fourth Quarter and Fiscal Year Results; Achieves Fourth Quarter Year-over-Year Growth Rates of 18% in License Revenue and 39% in Operating Cash Flow
SAN JOSE, Calif.—Feb. 23, 2006— BEA Systems, Inc. (NASDAQ: BEAS), a world leader in application infrastructure software, today announced financial results for the fourth quarter and fiscal year ended January 31, 2006. BEA reported fourth quarter total revenues of $341.4 million, up 17% from last year's fourth quarter. BEA reported fourth quarter license fees of $155.9 million, up 18% from a year ago, and services revenue of $185.6 million, up 17% from a year ago. BEA generated fourth quarter cash flow from operations of $101.6 million, up 39% from $73.0 million a year ago.

For the fiscal year ended January 31, 2006, BEA reported total revenues of $1,199.8 million, an 11% increase over the fiscal year ended January 31, 2005. BEA reported fiscal year license fees of $511.5 million, a 6% increase over fiscal 2005, and services revenue of $688.3 million, a 15% increase over fiscal 2005. BEA reported a year end deferred revenue balance of $379.1 million, up $66.8 million compared to the end of last fiscal year. BEA generated fiscal 2006 cash flow from operations of $284.6 million, a 6% increase over fiscal 2005.

                                        Q4 FY06            FY 2006
                                    ($ in Millions)    ($ in Millions)
    License Fees                         $155.9             $511.5
      Yr/Yr Growth Rate                     18%                 6%
    Services                             $185.6             $688.3
      Yr/Yr Growth Rate                     17%                15%
    Total Revenues                       $341.4           $1,199.8
      Yr/Yr Growth Rate                     17%                11%

For the fourth quarter, on a generally accepted accounting principles ("GAAP") basis, BEA reported operating profit of $57.7 million, compared to $59.0 million a year ago. BEA reported GAAP fourth quarter net income of $35.4 million, compared to $41.6 million a year ago, and GAAP diluted net income per share of $0.09, compared to $0.10 a year ago. BEA's fourth quarter GAAP results include a one-time net tax expense of approximately $6.7 million, representing approximately $0.02 per share, principally associated with repatriation of foreign-earned income under the American Jobs Creation Act.

BEA reported fourth quarter non-GAAP operating income of $68.2 million, up 7% from $63.9 million a year ago. BEA reported fourth quarter non-GAAP net income of $48.7 million, up 8% from $45.2 million a year ago, and non-GAAP diluted net income per share of $0.12, compared to $0.11 a year ago. Non-GAAP results exclude certain acquisition-related expenses, net gains or losses on investments in equity securities, facilities consolidation charges, and other charges and credits that are expected to be non-recurring, and assumes a tax rate of 30%. A reconciliation of non-GAAP adjustments is presented on pages six through nine of this release. For full details on BEA's reported results, see the financial tables accompanying this release.

For fiscal 2006, BEA reported GAAP operating income of $205.8 million, a 6% increase over fiscal 2005. BEA reported fiscal 2006 GAAP net income of $142.7 million, up 9% from $131.1 million in fiscal 2005, and GAAP diluted net income per share of $0.36, compared to $0.32 in fiscal 2005. For fiscal 2006, BEA reported non-GAAP operating income of $228.7 million, up 4% from $219.7 million in fiscal 2005. BEA reported fiscal 2006 non-GAAP net income of $165.0, up 11% from $148.6 million in fiscal 2005, and non-GAAP diluted net income per share of $0.41, compared to $0.36 in fiscal 2005.