BEA Systems, Inc. (Nasdaq: BEAS) rose 8 1/8 to 57 Wednesday following stronger than expected results for the second quarter.
The San Jose, California-based maker of e-commerce transaction software said revenue for the quarter ended July 31st soared 80 percent to $186 million, as license fees topped $104 million. Income before items totaled $21.9 million, or 5 cents per share, up from $6.0 million, or 2 cents, in the same quarter last year. Analysts were looking for earnings of 4 cents per share.
“Revenue growth and demand for our products continues to accelerate, as companies pursue robust and creative e-business initiatives,” said Chairman and Chief Executive Officer Bill Coleman.
BEA also said it will spend $20 million this year on a plan aimed at forming strategic relationships with systems integrators, application service providers and independent software vendors. Agreements announced Thursday with KPMG, Computer Sciences Corp., marchFirst, Unisys Systems, iXL, Calico, Loudcloud, Manugistics and Moai “demonstrate that this program is already successful,” said Coleman.
The company is increasing its partner-dedicated staff from 30 to 200.