"We beat our expectations on the bottom line, generated solid cash flow from operations, and increased mobile and wireless revenues by 12% year-over-year," said John Chen (pictured), chairman, CEO and president of Sybase, as the company yesterday reported financial results for the 2005 third quarter ended September 30, 2005.

"We're pleased with our performance this quarter," Chen continued, "as we delivered solid results against tough comparables from the third quarter of last year. Additionally, we successfully launched a major upgrade to our flagship database, Adaptive Server Enterprise 15.0, which will drive future revenue growth."

GAAP net income for the 2005 third quarter was $28.0 million, or EPS of $0.30. This compares with GAAP net income of $17.8 million, or EPS of $0.19 for the third quarter of 2004.

Total revenues for the third quarter were $199.3 million compared with $198.7 million for the third quarter of 2004. License revenues were $69.7 million for the 2005 third quarter compared with $70.4 million for the same quarter a year ago.

Operating income for the 2005 third quarter calculated in accordance with generally accepted accounting principles (GAAP) was $30.2 million, representing 15% operating margin, compared with operating income of $21.5 million, or 11% operating margin for the third quarter of 2004.

"We are confident in the strength of Sybase's business fundamentals and our ability to achieve year-end targets. Based on our progress to date, we are revising upward our full-year pro forma EPS from around $1.11 to a range of $1.16 to $1.20 on a fully diluted basis. We're also raising our GAAP EPS from around $0.76 to a range of $0.89 to $0.93 on a fully diluted basis," concluded Chen.