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Short Take: Sybase blows past Wall Street estimates

Database software maker Sybase streamrolled past Wall Street predictions, recording first-quarter income of $19.5 million, or 22 cents a share, up from $8.5 million, or 10 cents a share, a year earlier. Analysts expected earnings of 13 cents a share, according to First Call. Quarterly revenue reached $227 million, up 9 percent from last year's first-quarter sales of $208 million. Sybase also has settled two class-action and shareholder lawsuits stemming from the company's restatement of 1997 financial results.

    Database software maker Sybase streamrolled past Wall Street predictions, recording first-quarter income of $19.5 million, or 22 cents a share, up from $8.5 million, or 10 cents a share, a year earlier. Analysts expected earnings of 13 cents a share, according to First Call. Quarterly revenue reached $227 million, up 9 percent from last year's first-quarter sales of $208 million. Sybase also has settled two class-action and shareholder lawsuits stemming from the company's restatement of 1997 financial results.