The company is aiming for a 30 percent increase in revenues this year for the region (including Japan), up from 13 percent a year ago.
Established in 1984, Sybase provides applications for business intelligence, database server, enterprise portal and middleware such as Enterprise Portal, iAnywhere and PowerBuilder.
-In some markets like China, Japan and Korea, growth rates in terms of revenues is expected to hit 40 percent," said Mark Wang, Sybase Asia-Pacific senior vice president and general manager.
-We see a lot of opportunities in China as 70 percent of investments (in Asia) is said to be channelled to the mainland and we are well positioned there," Wang told reporters during a media briefing.
According to Wang, China contributed about 26 percent to the company's Asia-Pacific revenue last year, and this performance is expected to be consistent.
The New York Stock Exchange-listed company registered US$926.1 million in global sales for 2001 with approximately 15 percent coming from Asia-Pacific.
-Within three years, Asia will contribute almost 20 percent to our worldwide revenue," Wang claimed. The company also expects to open a solutions centre in China next month, targeted at helping partners market its products in the country.
Sybase claims to have a "few thousand customers" in the region, including Hong Kong Shanghai Banking Corporation (HSBC), Standard Chartered Bank, China Telecom Authority, China Unicom, Tata Power Company, DBS Bank, Ngee Ann Polytechnic, Prudential-Bache and UBS Hong Kong.
