Sybase IQ Data Warehousing Solution Leading the Vendor Pack in Revenue Growth
December 17 2008 - 8:00AM
Business Wire
Providing further evidence of the company�s continuing growth
within the expanding analytics and data warehouse (DW) software
market, Sybase, Inc. today announced that in a recent report,
titled Worldwide Business Analytics Software 2008-2012 Forecast and
2007 Vendor Shares (IDC #214904, November 2008), IT market research
advisory firm IDC released figures that placed Sybase as an
industry leading vendor in revenue growth for the business
analytics software market for 2007. The IDC figures reveal Sybase
grew its revenue in worldwide business analytics software revenue,
which includes data warehouse platform software, from $104 million
in 2006 to $148 million in 2007, an increase of 41.7 percent. The
company�s growth rate substantially outpaced the rate of increase
for the expanding overall business analytics software market as a
whole, which grew 12.7% to reach $22.1 billion for the worldwide
market. �The future of the data warehouse platform software market
remains bright. As various business intelligence (BI) and analytics
projects remained high on the priority lists of organizations of
all sizes, the demand for DW platform software to support these BI
and analytics projects has continued to grow,� said Dan Vesset,
program vice president of IDC's business analytics research.
�Although there are already over 1,300 customers of Sybase� IQ, the
products� market penetration is still much lower than that for
Sybase Adaptive Server� Enterprise database, providing the company
with an opportunity to further expand sales of IQ into its own user
base as well as into net new accounts.� The current IDC report
reinforces the firm�s previous analysis that Sybase continues to
develop a leadership position in the data warehousing market. A
recent IDC report (Worldwide Data Warehouse Platform Software 2007
Vendor Shares; IDC #213671, August 2008) showed that Sybase grew
its DW platform software revenue by 46 percent to $138 million. The
increase was driven by a 77 percent growth rate for the Sybase IQ
column-based analytics server and the Sybase Analytic Appliance,
which combines best-of-breed products including Sybase IQ,
PowerDesigner� and Extract, Transform and Load (ETL) solutions.
According to IDC, the worldwide business analytics software market
is expected to continue to grow at a compound annual growth rate of
9.7% over the next five years. The continued upward trend will be
driven by an increased awareness of the potential benefits of
business intelligence technology to affect organizational
performance and competitiveness, leading to a broader shift in
decision-making power for business intelligence and analytics
technology purchases from IT to business. IDC is also expecting
continued growth in the packaged performance management
applications market, which is likely to serve as a driver for the
growth of the data warehousing market. �Smart businesses of all
kinds are increasingly relying on Sybase IQ�s column-based approach
to power high-quality, timely data analysis to win new customers
and grow revenue in today�s competitive world,� said Dan Lahl,
director of Sybase Intelligent Enterprise Solutions. �As our
customers demand analytics solutions that deliver top line business
results through faster and better answers to more knowledge workers
in the areas of mission-critical business intelligence, enterprise
data warehousing and Key Performance Indicators, Sybase will
continue to respond with innovative, high-performance enterprise
analytics and data warehousing products that deliver dramatically
faster results at a lower total cost of ownership.� Full reports
can be obtained at www.idc.com. About Sybase, Inc. Sybase is the
largest global enterprise software company exclusively focused on
managing and mobilizing information from the data center to the
point of action. Sybase provides open, cross-platform solutions
that securely deliver information anytime, anywhere, enabling
customers to create an information edge. The world�s most critical
data in commerce, communications, finance, government and
healthcare runs on Sybase. For more information, visit the Sybase
Web site: http://www.sybase.com. Sybase, Adaptive Server Enterprise
and PowerDesigner are registered trademarks of Sybase, Inc. All
other company and product names mentioned may be trademarks of the
respective companies with which they are associated. Special Note:
Statements concerning Sybase�s future growth, prospects and new
product releases are, by nature, forward-looking statements that
involve a number of uncertainties and risks, and cannot be
guaranteed. The words �anticipate,� �believe,� �estimate,�
�expect,� �intend,� �will� and similar expressions relating to
Sybase and its management may identify forward-looking statements.
Such statements are intended to reflect Sybase�s current views with
respect to future events and may ultimately prove to be incorrect
or false. Factors that could cause actual events or results to
differ materially include shifts in customer demand, rapid
technology changes, competitive factors and unanticipated delays in
scheduled product availability. These and other risks are detailed
from time to time in Sybase�s Securities and Exchange Commission
filings, including, but not limited to, its annual report on Form
10-K and its quarterly reports on Form 10-Q (copies of which can be
viewed on Sybase�s Web site).
Sybase (NYSE:SY)
Historical Stock Chart
From Jun 2024 to Jul 2024
Sybase (NYSE:SY)
Historical Stock Chart
From Jul 2023 to Jul 2024