The ’07 numbers came on the heels of a $391.8m fourth quarter, up a similar 15% over the previous year.

The results were mixed for licenses and services. While services increased nicely, license growth lagged.

Overall, licenses were $168.7m for Q4 and $573.5m for the year, up 8% and 12% respectively over the previous year. Services came in at $223.1m for the quarter and $828.9m for the year, both of which were 20% annual jumps.

And while BEA didn’t break out product revenues, with such a diverse line, it wasn’t surprising that growth there was uneven as well. As the new, heavily promoted line, the AquaLogic products accounted for about 20% of overall revenues. In fact, their share of revenues grew from 13% in Q1 to 25% by Q4, hinting at things to come.

BEA singled out AquaLogic Service Bus and BPM Suite (which came from the Fuego acquisition in late 2005) as the prime growth engines. BPM Suite revenue alone nearly doubled each quarter over the year.

But what AquaLogic mostly gaveth, it also tooketh away from the older WebLogic product line. While BEA didn’t break out numbers, it conceded that WebLogic platform (which includes all the J2EE-based offerings) sales were flat or, in some areas down.

That’s obviously an indicator that BEA is a company in transition. Just as the emergence of WebLogic circa 1999 eclipsed BEA’s original Tuxedo transaction management offering as the world began to embrace J2EE, today the story is SOA and AquaLogic.

BEA chairman and CEO Alfred Chuang explained that because the AquaLogic products don’t necessarily require all (or, for that matter, any) of the WebLogic platform offerings, customers were buying less WebLogic.

But another area of weakness was portal. BEA actually offers two: the original WebLogic Portal, which was the J2EE offering, and AquaLogic User Interaction, which came through the Plumtree acquisition.

While you might expect the WebLogic Portal offering to drop with the platform, sales of the AquaLogic offering also proved underwhelming. Chuang chalked that up to over-exuberance with the BPM product from the sales force, which went for the new, exciting thing on the block.

BEA’s regional results weren’t that surprising, with most of Asia/Pacific providing the growth engine, and EMEA dropping somewhat. In all, the Americas held steady at 52% of sales, compared to 34% for EMEA and 14% for Asia/Pacific.

Within APAC, China, Korea, and India were the prime growth areas. Japan, a market where the regional head position has been vacant for 9 months, remained a laggard, while in EMEA, UK sales were also off. By contrast, BEA reported strong growth in the Nordic countries.

And it excepts lots of growth in telco, especially in China where the leading carrier has bought WebLogic Communications Server for a 3.5-G wireless pilot. According to Chuang, with the cost of telco pilots approaching $100m, most carriers aren’t likely to ditch the investment once they officially go forward.

Of course, there’s always a kink, and in this case, it’s that China has not yet committed to a date for advanced mobile services rollouts.

Another footnote is that BEA, like most major Silicon Valley companies, is still cleaning up its options practices, and once it has resolved their regulatory issues, expects to restate revenues from FY 98 through 06.

The company expects the overall hit to be about $350m. Once it emerges from the process, BEA expects to conduct a stock buyback program.

And in the coming year, BEA plans to move from current leased offices, sell off an adjacent parcel of land, and move into a new headquarters building in downtown San Jose that it will own outright. Painting the move as a cost-cutting measure, BEA expects it will save money by paying a mortgage rather than a lease.

Although it expects to lose money on the sale of the land, which it initially bought during the height of the dot com boom, it still expects the sale will free up about $50m in cash flow.