reported fourth-quarter 2002 results Tuesday that slightly surpassed guidance and Wall Street expectations.
The company reported revenue of $247 million and net income of $37 million, or 31 cents a share for the quarter ended Oct. 31. Pro forma income was 13 cents a share, 2 cents above company guidance and Wall Street estimates as gathered by Thomson Financial/First Call.
Revenue rose 7.9% over the third quarter and was also slightly higher than guidance and Street expectations for $245 million, although license revenue of $74 million was shy of company guidance of $75 million and services revenue of $173 million was higher than both guidance and Street estimates. License revenue increased 34% from the third quarter.
For the fiscal year ended October 31, 2002, total revenue was $904 million, slightly higher that Street estimates of $900.4 million. Actual net income for the fiscal year ended October 31, 2002, was $46 million, or 38 cents per diluted share.