Asset Management Tips

Sybase announced its financial results today, calling it the best quarter and year in the company's 23-year history. Total revenue topped $295 million for Q407 and the full year exceeded $1 billion, an increase of 17 percent over 2006. Full-year GAAP operating income increased 26 percent to $168.6 million. Sybase also holds over $700 million in cash and investments.

This is a company that is dwarfed by database rivals Oracle, Microsoft and IBM, but license revenues for the database division grew 16 percent year-over-year and accounts for about 70 percent of company revenues. The iAnywhere mobile middleware division makes up around 20 percent of revenues and the messaging services and payments 10 percent, according to Raj Nathan, chief marketing officer at Sybase.

With its database business under intense competitive pressure about a decade ago, Sybase diversified into mobile middleware, growing through acquisitions, such as Mobile 365, Extended Systems and XcelleNet. read more