Sybase Reports Record Second Quarter Results

Sybase has reported financial results for the second quarter ended June 30, 2010. Total revenue for the second quarter of 2010 grew 9% to $302.0 million, compared to $278.0 million in the second quarter of 2009. License revenue grew 6% to $100.1 million, compared to $94.1 million in the second quarter of 2009, services revenue grew 5% to $147.2 million, and messaging revenue grew 24% to $54.8 million in the second quarter of 2010.

Operating income calculated in accordance with generally accepted accounting principles (GAAP) for the second quarter increased 17% year over year to $74.3 million, representing an operating margin of 25%, and GAAP net income grew 20% year over year to $45.3 million.

"We are very pleased to deliver another record quarter, including historical second-quarter highs in revenue, operating margins, and earnings," stated chairman, CEO and president of Sybase John Chen. "Our consistently strong financial performance demonstrates Sybase's market leadership, validates our Unwired Enterprise vision, and reflects the compelling market opportunities that exist in enterprise mobility and analytics."