The latest version of the column-based business analytics server boasts new tools for data monitoring and management, better encryption, and faster business intelligence processing.
Sybase is executing the IQ upgrade as it comes off the first quarter in its history that yielded more than $300 million in revenue. It ended 2008 with surprising strength in its iAnywhere mobile databases.
Sybase leads the market for the sixth consecutive year in the sale of mobile systems. IQ is a leading column-oriented system whose main competition comes from startups, such as Vertica. Sybase charges less per terabyte of data, $18,000 to $20,000, per system than Vertica, which charges $100,000 per terabyte.
At the close of its fourth quarter, which ended Dec. 31, Sybase turned in a year with revenue of $1.13 billion, up 10%; its operating income was $210 million for the year. Operating margins were 19%, with $1.64 earnings per share. New license revenue was up 11% at 383.7 million with database revenue, its core business, up 28%, according to chairman and CEO John Chen in his fourth-quarter report Jan. 28.
Sybase is projecting slowing sales growth and slightly more total revenue in 2009 than 2008, or $1.14 billion for the year to come, Chen said.
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