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, the Dublin, California-headquartered 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 channeled to the mainland and we are well positioned there,” Wang told reporters during a media briefing today.
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 $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 center 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.