Higher than expected revenue lifted BEA Systems Inc’s profits by 11% in its third quarter.
The company’s net income for the quarter grew to $37.1m compared to $33.5m a year ago. Meanwhile revenue climbed 10% to $291.5m on the back of strong license sales of its integration middleware software in the Americas region.
Licenses fees, a measure that had previously damaged BEA’s performance on Wall Street, seems to have recovered and rose 6% to $121.3, from $114.9m. License revenue was led by BEA’s flagship WebLogic software. Services revenue grew 14% to $170.2m in the quarter.
Sales exceeded analyst forecasts of $290.3m but came in shy of high-end forecast range that BEA issued in August ($285m to $295m) causing BEA’s stock to slide nearly 2% in after hours trading.
The company now brackets fourth quarter revenue between $324m and $334m – far exceeding analyst estimates of $318m.
BEA, which is headquartered in San Jose, California, also announced changes to its divisional structure and senior management tier to accommodate is acquisition of portal software makers Plumtree Software Inc earlier this year.
BEA’s newly formed Business Interaction Division, created after its $200m acquisition of Plumtree in August this year, will now be led by nine-year company veteran Mark Carges, who now becomes an executive vice president at the firm.
The division will be responsible for BEA’s AquaLogic branded service infrastructure products which now expands to include re-branded versions of Plumtree’s enterprise portal, collaboration and composite software applications.
Plumtree’s products are now called the AquaLogic User Interaction suite.
According to figures from IT market analyst firm IDC, BEA and Plumtree garner a 21% share of the enterprise portal infrastructure market, which it says continues to grow at 14%.
Separately, BEA promoted Rob Levy to the position of chief technology officer.