CNET también está disponible en español.

Ir a español

Don't show this again

Tech Industry

Earnings Roundup: Veritas, Sybase impress

    Veritas hurdled analysts' estimates in its second quarter Tuesday, earning $57.2 million, or 13 cents a share, on sales of $275.4 million.

    First Call Corp. consensus pegged it for a profit of 12 cents a share in the quarter.

    Ahead of the earnings report, Veritas (Nasdaq: VRTS) shares closed off 8 13/16 to 127 9/16.

    The $275.4 million in sales marks a 77 percent jump from the year-ago quarter when it pocketed $29.3 million, or 7 cents a share, on sales of $155.7 million.

    "Veritas is now operating at an annualized revenue run-rate well in excess of $1 billion, a major milestone for the company,'' said CEO Mark Leslie in a prepared release. "Our continued success this quarter was marked by strong sales growth across all products, geographies and channels."

    Last quarter, Veritas topped Street estimates when it earned $51.6 million, or 12 cents a share, on sales of $244.6 million.

    The stock moved up to a 52-week high of 174 in March after falling to a low of 21 3/16 in August.

    Among other software companies reporting earnings after the bell Tuesday:

  • Compuware (Nasdaq: CPWR) managed to get past analysts' reduced estimates in its first quarter, earning $34.3 million, or 9 cents a share, on sales of $513.9 million.

    First Call lowered its estimate to 8 cents a share from 15 cents a share after the software developer warned of sluggish sales last week.

    The $513.9 million in sales represents a 16 percent improvement from the year-ago quarter when it earned $90.7 million, or 24 cents a share, on sales of $443.1 million.

    Including amortization charges, Compuware earned $23.6 million, or 6 cents a share, in the quarter.

    Its shares closed off 7/32 to 9 ahead of the earnings report.

  • Network Associates (Nasdaq: NETA) posted a second-quarter profit of $36.2 million, or 24 cents a share, on sales of $221.8 million.

    Analysts expected the Internet security software vendor to earn 22 cents a share in the quarter.

    The company also announced it would repurchase another $50 million of its stock.

    Including a variety of charges related to the spin-off of its McAfee.com (Nasdaq: MCAF) unit, Network Associates earned $11.4 million, or 8 cents a share, in the quarter.

    Its shares closed off 9/16 to 23 7/8 ahead of the earnings report.

  • Seibel Systems (Nasdaq: SEBL) also topped Street estimates in its second quarter, raking in $54.8 million, or 22 cents a share, on sales of $387.4 million.

    Analysts were expecting a profit of 18 cents a share.

    Its shares closed off 9 3/4 to 176 1/4 ahead of the earnings report.

    The $387.4 million in sales marks a 119 percent improvement from the year-ago quarter when it earned $24.2 million, or 11 cents a share, on sales of $176.7 million.

  • Sybase (Nasdaq: SYBS) hurdled the Street estimate in its second quarter Tuesday, earning $23.6 million, or 26 cents a share, on sales of $234.1 million.

    First Call's consensus saw the database software developer earning 22 cents a share in the quarter.

    The $234.1 million in sales represents an 11 percent jump from the year-ago quarter when it earned $13.9 million, or 17 cents a share, on sales of $210.2 million.

    Sybase shares closed up 3/8 to 23 1/4 Tuesday.