Sybase raises Q1 guidance

MUMBAI, INDIA: Sybase Inc. has raised its outlook for the first quarter ending March 31, 2008.

The provider of enterprise infrastructure and mobile software announced it expects to exceed the guidance provided on January 24 which pegged the Q1 revenue in the range of $240-250 million and EPS in the range of $0.21-0.26.

In consideration of the April 7, 2008 expiration of Sybase's previously announced $300 million modified Dutch auction tender offer, management believes it is appropriate to provide shareholders with a business update at this time.

The firm’s management said that it currently believes the company is tracking to its prior full-year 2008 guidance, excluding the impact of the $300 million modified Dutch auction tender offer. Sybase is slated to announce the Q1 results on April 24.