Sybase posts net income of $47.3 million in Q4

BANGALORE, INDIA: Sybase, Inc, a provider in enterprise infrastructure and mobile software, today announced its financial results for the fourth quarter and full year ended December 31, 2008.

The company reported GAAP net income of $47.3 million, or GAAP EPS of $0.58, for the fourth quarter when compared with GAAP net income of $73.5 million, or GAAP EPS of $0.81, for the fourth quarter of 2007, said a press release.

The total revenue for the fourth quarter of 2008 increased 3 per cent to $305.1 million from $295.2 million in the fourth quarter of 2007.

Operating income for the 2008 fourth quarter increased 4 per cent year to $69.8 million, representing an operating margin of 23 per cent.

The company also announced its revenue of $1.13 billion Y-o-Y, that was up by 10 per cent.

It reported a operating income of $210.1 million for full year while the GAAP EPS was up $1.64 for full year, the release added.