DUBLIN, Calif.—Database and mobile software maker Sybase Inc. said Wednesday its second-quarter profit and sales grew, surpassing Wall Street's expectations thanks to strength in its business database, mobile messaging and other products.
The company earned $32.4 million, or 37 cents per share, up 24 percent from $26 million, or 28 cents per share, in the same period a year ago. Adjusted earnings for the latest quarter totaled 49 cents per share.
Analysts, on average, expected a profit, excluding items, of 43 cents per share, according to a poll by Thomson Financial.
Revenue rose 15 percent to $282.7 million from $245 million.
Analysts were expecting sales of $262.5 million.
"Notwithstanding the macro-economic cross-currents, our business pipeline remains healthy, and we are confident in our team's ability to execute," said John Chen, chairman, president and chief executive, in a statement.
The company also raised its 2008 profit and sales guidance.
Shares rose 94 cents, or 3 percent, to close at $32.40. Trading in the stock was halted after hours.
