2007/07/26

Business Objects Reports Great Q2 Fiscal 2007 Results

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Total revenues for the second quarter of fiscal 2007 were $363 million, up 23 percent year-over-year. License revenues were $149 million, up 21 percent year-over-year. Services revenues, including product maintenance, consulting and training, were $214 million, up 25 percent year-over-year.

Business Objects completed the acquisition of Cartesis S.A. on June 1, 2007, and its operations for the month of June were consolidated into the company’s financial results. For the second quarter of fiscal 2007, Cartesis contributed $13 million to total revenues, consisting of $6 million in license revenues and $7 million in services revenues. The company also recorded a restructuring charge of $5 million in the second quarter of fiscal 2007 primarily associated with the acquisition of Cartesis.

Total revenues in Europe, Middle-East and Africa (or EMEA) for the second quarter of fiscal 2007 were $147 million, up 38 percent year-over-year (up 29 percent in constant currencies). EMEA closed two transactions over $1 million in license revenues in the second quarter. The majority of the revenues from Cartesis were generated and recorded in EMEA.