EXHIBIT 12.1



BEA Systems, Inc.

Ratio of Earnings to Fixed Charges

(in thousands)



|                                                   |  | Six Months Ended 31-Jul-03 |         | Fiscal Years Ended January 31, |        
|-------------------------------------------------- |  | -------------------------- | ------- | ------------------------------ | -------
|                                                   |  |                            | 2003(2) |                                | 2002(2)
|Income (loss) before income taxes                  |  | $                          | 37,056  |                                | $      
|Add fixed charges                                  |  |                            | 24,105  |                                |        
|                                                   |  |                            |         |                                |        
|Earnings (as defined)                              |  | $                          | 61,161  |                                | $      
|                                                   |  |                            |         |                                |        
|Fixed charges:                                     |  |                            |         |                                |        
|Interest expense (1)                               |  | $                          | 15,681  |                                | $      
|Portion of rent expense representative of interest |  |                            | 6,847   |                                |        
|Amortization of debt premium and issuance costs    |  |                            | 1,577   |                                |        
|                                                   |  |                            |         |                                |        
|Total fixed charges                                |  | $                          | 24,105  |                                | $      
|                                                   |  |                            |         |                                |        
|Ratio of earnings to fixed charges                 |  |                            | 2.54    |                                |        
|                                                   |  |                            |         |                                |        

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|* |  | Earnings (as defined) were insufficient to cover fixed charges by $4,268, $5,657 and $46,726 for the fiscal years ended January 31, 2002, 2000, and 1999, respectively.
|- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(1) |  | Excludes debt conversion premium of $236 and $8,054 in fiscal 2001 and 2000, respectively, which is included in amortization of debt premium and issuance costs.
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|(2) |  | Revised to include land lease interest as interest expense rather than operating rent.
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