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BEA Tops $1 Billion

BEA Systems had its first billion-dollar year in fiscal 2003, company executives said Thursday.

BEA, San Jose, Calif., posted $1.01 billion in revenue for the year ended Jan. 31, 2004, an 8 percent increase from $934 million the previous year. Income was up 41 percent to $118.7 million over the same period.

In its fourth quarter, the company earned $39.3 million, up 12 percent from $35 million the prior year, on sales of $278.1 million, up from $249.3 million the prior year.

The company beat Thomson Financial/First Call consensus analyst estimates for the quarter by 1 cent, posting a profit of 10 cents per share.

In 2003 BEA introduced WebLogic Platform 8.1, a major update to its WebLogic suite of software and the first time the application server, portal, integration server and WebLogic Workshop Java tool were rolled into a unified platform.

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