UPDATE 1-Sybase Q1 profit up, raises full year profit view

miércoles 22 de abril de 2009 15:54 CEST

* Q1 ex-items EPS $0.49 beats estimates by 7 cents

* Q1 rev $267.5 mln just misses estimates $268.0 mln

* Raises FY adj profit view, backs sales view

* Sees Q2 sales below estimates

April 22 (Reuters) - Business software provider Sybase Inc SY.N posted a rise in quarterly profit that beat market estimates, helped by a rise in license revenue and a 6 percent fall in operating expenses, and raised its full year profit view.

The company, which competes with Oracle Corp ORCL.O and SAP AG (SAPG.DE: Cotización) in data management and analytics, however forecast second-quarter revenue below market expectations but backed its revenue expectations for the year.

First-quarter net income rose to $28.1 million, or 33 cents a share, from $21.7 million, or 24 cents a share, a year-ago.

License revenue rose 14 percent in the quarter, while services revenue, almost half of total revenue, fell 3 percent.

Sybase expects second-quarter adjusted profit of 50 cents to 52 cents a share, excluding items, the top end of which meets analysts' expectations.   Continuación...