Sybase Cuts Costs, Boosts Profits - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Sybase Cuts Costs, Boosts Profits

Bolstered by an increase in software license sales and tight cost controls, database vendor Sybase Inc. today reported a big jump in third-quarter profits. Net income for the quarter, which ended Sept. 30, reached $16.1 million, compared with $2.2 million in the same period one year ago.

For the quarter, Sybase tallied revenue of $216.1 million, up 2.8% over third-quarter sales of $210.3 million last year. Product license revenue, which actually decreased year-over-year in this year's second quarter, increased to $104.2 million from $98.8 million last year. Service-related revenue for the quarter grew slightly to $111.9 million from $111.5 million last year.

Much of Sybase's improved profitability in the most recent period was due to cost cutting. During the quarter, the company spent less on sales and marketing, service, and product development compared with one year ago.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
Commentary
Who Should Own RPA?
Lisa Morgan, Freelance Writer,  2/18/2020
Commentary
IT Salary Report 2020: Get Paid What You Are Worth
Jessica Davis, Senior Editor, Enterprise Apps,  2/12/2020
Slideshows
10 Analytics and AI Startups You Should Know About
Cynthia Harvey, Freelance Journalist, InformationWeek,  2/19/2020
Register for InformationWeek Newsletters
Video
Current Issue
IT Careers: Tech Drives Constant Change
Advances in information technology and management concepts mean that IT professionals must update their skill sets, even their career goals on an almost yearly basis. In this IT Trend Report, experts share advice on how IT pros can keep up with this every-changing job market. Read it today!
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll