EXHIBIT 12.1
BEA Systems, Inc.
Ratio of Earnings to Fixed Charges
Fiscal years ended January 31,
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2000 1999 1998 1997 1996
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Income (loss) before income taxes $(5,657) $(46,726) $(20,068) $(87,034) $(17,680)
Add fixed charges 29,385 16,615 8,531 3,238 193
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Earnings (as defined) $23,728 $(30,111) $(11,537) $(78,796) $(17,487)
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Fixed charges:
Interest expense 20,417 10,426 6,054 $ 6,727 $ 89
Portion of rent expense 7,779 5,528 2,477 1,511 104
representative of interest
Amortization of debt issuance costs 1,189 661 _ _ _
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Total fixed charges $29,385 $ 16,615 $ 8,531 $ 8,238 $ 193
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Ratio of earnings to fixed charges 0.81 * * * *
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* Earnings (as defined) were insufficient to cover fixed charges by $46,726,
$20,068, $87,034 and $17,680 for the fiscal years ended January 31, 1999,
1998, 1997, and 1996, respectively.