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The world’s largest focus on information management and information technology of the mobile enterprise software company Sybase, recently announced a 2008 second-quarter earnings report. 2008 second quarter total revenue rose 15 percent from the 2007 first quarter increased by 245 million U.S. dollars to 2.827 U.S. dollars; license revenue grew 17 percent from the 2007 first quarter of 77.4 million U.S. dollars, increased to 90.5 million U.S. dollars , Of which the database license revenue grew 38 percent year-on-year service revenue growth of 8 per cent, from 2007 the first quarter of 135.2 million U.S. dollars to 146.6 million U.S. dollars; messaging services revenue grew 41 percent, from the first quarter of 2007 32.4 million U.S. dollars rose to 45.6 million U.S. dollars.
In accordance with GAAP, the 2008 second quarter operating income was 51.1 million U.S. dollars, an increase of 44 percent operating margin was 18%. With the previous year GAAP operating income compared to 35.6 million U.S. dollars, operating profit grew 15 percent. GAAP net income rose 24 percent, from last year’s 26 million U.S. dollars to 32.4 million U.S. dollars. GAAP diluted earnings per share (EPS) growth of 31 percent, from last year’s 0.28 U.S. dollars to 2008 second quarter of 0.37 U.S. dollars.
2008 second quarter non-operating income reached 63.7 million U.S. dollars, an increase of 33 percent, operating margin was 23%. Over the same period in 2007 while non-GAAP operating income was 47.8 million U.S. dollars, with operating margins of 20%. Compared with the same period last year, the 2008 second quarter non-GAAP net income up 26% from 2007 second quarter of 34.3 million U.S. dollars, to the present 43 million U.S. dollars. Non-GAAP EPS growth of 33 percent, from last year’s 0.37 U.S. dollars to the current 0.49 U.S. dollars.
As of June 30, 2008, Sybase’s cash and cash investment for the 606.4 million U.S. dollars, including long-term investment in 22.7 million U.S. dollars in cash, restricted cash 3.7 million U.S. dollars. 2008 second quarter, Sybase company operating cash flow for 62.7 million U.S. dollars. Company’s current share repurchase program continues to have 82.9 million U.S. dollars authorized. Accounts receivable turnover days (DSO) for 75 days.
"I am very pleased to see that the second quarter of 2008 also made brilliant achievements," Sybase chairman, CEO and President Cheng Shouzong said, "So far, we have repeated for three consecutive quarters of a record four consecutive quarter More than Wall Street expected, the 16 consecutive quarter exceeded the projected income. "
Mr. Cheng added: "The reason why we can achieve these outstanding achievements should be attributed to ‘unlimited information of enterprises’ and the implementation of the strategy of increasing market recognition. Flagship enterprises in the database, IQ of server, mobile middleware, Mobile driven by the constant message, we continue to grow the company’s performance is very optimistic about the prospects. In addition, including risk analysis, data clusters, mobile office, mobile banking and next-generation mobile messages, and so on, the other growth factors, Also is expected to further promote growth. "
"Leaving aside the current macro-control economic environment of uncertainty is not that our business remains healthy channels open, I have the business prospects of this year was full of confidence. Therefore, we once again raising the 2008 total revenue, earnings and cash flow growth Goals, which will further in 2008 prompted us to another glorious history. "Mr. Cheng concluded.