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BEA exceeds 3Q estimates

BEA Systems (Nasdaq: BEAS) edged past the consensus analyst estimate in the third quarter.

After market close Tuesday, the vendor of e-business software reported third quarter net income of $31.3 million, or 7 cents per share, excluding special charges. First Call's survey of 19 analysts predicted a profit of 6 cents per share for the quarter ended Oct. 31.

Shares of BEA rose to 72 in afterhours activity on the Island electronic communications network, following the release of quarterly results. BEA stock rose 7.9375 to 70.9375 in Tuesday's regular trading, prior to the third quarter report.

Including amortization of purchased intangible assets, merger-related costs, the write-off of acquired in-process research and development, charges related to the conversion of certain convertible notes, and taxes on stock options, BEA earned $8.2 million, or 2 cents per share.

Third quarter revenue rose 77 percent year-over-year to $224 million. License fees rose 23 percent sequentially to $128.2 million.

"This reflected the beginning of the implementation of architectures built by our consulting organization in the first half of this year.," said Bill Coleman, CEO and chairman. "It also reflects increased demand for our products and the success of our recently launched indirect channel program with systems integrators and packaged application developers."

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