Sybase reported fourth-quarter results on Wednesday that added to the evidence that software is navigating the downturn better than hardware and computers.
The company said sales increased 3 percent to $305 million and new license revenue for its database software rose 38 percent. Overall license revenue was up 8 percent.
Database licenses grew 38% in the fourth quarter, John Chen said
Net income came to $47 million.
Sybase joins companies such as IBM, VMware and Oracle (so far, at least) that have reported growth or relative stability in software sales.
Sybase CEO John Chen attributed the success to the company’s investments in its “unwired enterprise” strategy. The market is responding well to Sybase’s mobility and analytics technologies, he said in a statement.
