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BEA Reports Third Quarter Results

Customer Adoption Of SOA And AquaLogic Drive 19% Year-over-Year Total Revenue Growth

BEA Systems announced certain financial results for the fiscal third quarter ended Oct. 31, 2006. BEA reported third quarter total revenues of $347.7 million, up 19% from last year's third quarter. BEA reported third quarter license fees of $136.4 million, up 12% from a year ago, and services revenue of $211.3 million, up 24% from a year ago. BEA ended the quarter with cash, cash equivalents, short-term investments and restricted cash of $1.4 billion. BEA also ended the quarter with deferred revenues of $337.6 million, up 11% from $303.1 million a year ago.

BEA is not providing full GAAP or non-GAAP financials for the third quarter due to the previously announced voluntary internal review of BEA's historical stock option grants, which is being conducted by the Audit Committee of BEA's Board of Directors with the assistance of independent legal counsel. The outcome of that review may or may not require us to change our accounting treatment of stock options granted in prior periods, which may or may not have a material adverse effect on our results of operations for those periods or other periods.

"Service-Oriented Architecture (SOA) is going to be the dominant architecture for the next generation of enterprise IT systems. SOA solves business problems better than any previous technology approach," said Alfred Chuang, chairman and chief executive officer, BEA Systems, Inc. "Across the world, in every industry, business is experiencing massive change that places enormous demands on IT. SOA has a unique power to transform and optimize business to meet those demands. With the industry's leading SOA platform of products and services, BEA is ideally positioned to take advantage of SOA."

"AquaLogic and BEA's SOA services continued to drive new customer opportunities this quarter," Chuang said. "Once again, AquaLogic exceeded 20% of our license revenue, led by our enterprise service bus and business process management products. We had a solid performance in several regions, including the Eastern U.S. and U.S. Federal government. Our rapid growth in China continued, and we remain excited about our prospects in that key region. We are optimistic about our business as we head into our seasonally strong fourth quarter."

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soa news desk 11/16/06 01:54:39 AM EST

BEA Systems announced certain financial results for the fiscal third quarter ended Oct. 31, 2006. BEA reported third quarter total revenues of $347.7 million, up 19% from last year's third quarter. BEA reported third quarter license fees of $136.4 million, up 12% from a year ago, and services revenue of $211.3 million, up 24% from a year ago.

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