Nasdaq:
BEAS
NASDAQ
100
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
2315 North First Street San
Jose, CA 95131
Phone: (408) 570-8000 Fax:
(408) 570-8901
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. |