Sybase, Inc. (NYSE:SY) has chalked up a win in its earnings report by the looks of it. The company posted non-GAAP earnings of $0.56 EPS on roughly a 2% decline in revenues to $278 million. Thomson Reuters had consensus estimates at $0.52 EPS and $273.07 million in revenues. GAAP EPS up 28% to $0.43 and the cash flow from operations rose 9% to $68.3 million.
License revenue increased 4% year over year to $94.1 million and would have been up 11% in constant currency, while its database license revenue increased 23% and would have been up 30% in constant currency. Mobile software license revenue rose 4% and would have been up 11% in constant currency. Services revenue was $139.6 million, and messaging revenue was $44.2 million in the 2009 second quarter.
Sybase’s second quarter total revenue was hit by 7% from negative foreign currency exchange rates, which would have been a gain of 5% year over year. The company ended the quarter with $816.8 million in cash and equivalents, including restricted cash of $18.0 million.
Third quarter revenue guidance is in a range of $275 to $280 million, This anticipates 4% to 6% growth before an estimated 7% negative currency impact; non-GAAP earnings should be $0.55 to $0.57 EPS. Estimates are $0.55 EPS and $278.1 million in revenues.
Guidance for Fiscal-2009 has been raised slightly to $1.11 to $1.12 billion from $1.10 billion, while non-GAAP EPS is put in a range of $2.23 to $2.27 EPS from a previous range of $2.20 to $2.24. Those consensus estimates are $2.23 EPS and $1.12 billion in revenues.
Shares closed at $32.39 yesterday, and the 52-week range is $22.20 to $36.99; pre-market trading shows Sybase up 3% at $33.70.
JON C. OGG
JULY 21, 2009
Travel Cards Are Getting Too Good To Ignore (sponsored)
Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.
We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.
It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.
We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.