Dublin,
Calif.-based enterprise software firm Sybase Inc. has posted an 11 per
cent year over year total revenue increase in its third quarter
financial results.
The
business intelligence (BI) and data management software firm reported
total revenue for the third quarter of 2008 at US$284-million, up from
$255-million in the same quarter last year. Database licence revenue
also saw a marked Q3 increase with a 15 per cent gain year over year.
“I
am extremely pleased with our ongoing momentum in the market and our
fourth consecutive quarter of record performance,” John Chen, chairman,
CEO and president of Sybase, said in a release. “Our success is
attributable to strength in our core database products and messaging
services, as well as our diverse business model.”
“Customers
are responding well to our new productivity-enhancing solutions, such
as risk analytics, enterprise mobile computing, mobile banking, and
mobile commerce,” he added.
Messaging revenue grew 30 per cent in the quarter with revenue reaching $44-million compared to $34-million a year ago.