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by Jeff Moad, MA Editorial Staff Posted on Wednesday, February 07, 2007 5:30:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Sales of its core business intelligence products slip again in the fourth quarter, but services and new product areas such as enterprise performance management more than pick up the slack. |
| Keywords: | Business intelligence, BI, Business Objects, enterprise performance management, EPM, enterprise information management, EIM, BusinessObjects, earnings, revenue, quarterly results, net income, software |
Despite a continuing slip in demand for its core business intelligence software products, Business Objects SA yesterday reported strong year-end financial results, with fourth-quarter revenues jumping 22% and license revenues increasing more than 15% compared to the fourth quarter of 2005. The BI vendor saw a 4% drop in revenues from its core reporting, query, and analysis applications during the fourth quarter, but that was more than made up for by big revenue increases from services and maintenance offerings as well as new enterprise performance management (EPM) and enterprise information management (EIM) products. In the fourth quarter ended December 31, Business Objects reported total revenues of $370.6 million, compared to $304.6 million in the like quarter a year earlier. GAAP net income for the period totaled $35.5 million, up 1.7% from the fourth quarter of 2005. The bottom-line results were weighed down by $8 million in stock-based compensation expense that the company was required to report under FAS 123R regulations. [Click to continue] |
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