BMC Software reports 11% increase in Q3 revenue

BMC Software has reported total revenue of $556.7m for the second quarter ended 30 September 2011, an increase of 11% over the $502.3m in the same quarter previous year. The company’s operating income was $161m for the second quarter of 2011, up 12.2% compared with the $143.5m in the previous year’s same quarter.

However, a decrease of 13% was seen in generally accepted accounting principles (GAAP) net earnings of the company, from $132m in 2010 second quarter to $115m in the same quarter this year.

BMC chairman and chief executive officer Bob Beauchamp said during the second quarter, they reported solid growth in total revenue, non-GAAP earnings and cash flow from operations, however, their performance was mixed. “While we are aggressively addressing our business challenges, we continue to see positive trends and increasing market opportunities in several initiatives, including cloud management, Software-as-a Service and professional services,” Beauchamp said.

The company said cloud management and SaaS transactions continued to show positive momentum, while professional services revenue grew 35% from the year-ago period and delivered a non-GAAP gross margin of 8%.

For full year fiscal 2012, BMC now expects cash flow from operations to be between $800m and $850m, which at the mid-point represents an 8% improvement over fiscal 2011.

 

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