BMC Software sees profits drop to US$109mn during fiscal Q3

Friday, February 4, 2011

US developer BMC Software's (NYSE: BMC) net profits slipped to US$109mn in Q3 of its fiscal year 2011, compared to US$111mn in the same quarter one year previous, according to financial results released by the company.

Revenues for the quarter were at a record high, up 6% from fiscal 3Q10 to US$540mn. The company's bookings during 3Q11 were up 10% year-over-year to record US$594mn.

Due to its performance during Q3, BMC has raised its expectation for the full 2011 fiscal year. BMC foresees bookings growth in the high single digits, compared with its previous expectations of mid- to high-single digit growth. The company expects mid-single digit total revenue growth.

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Additionally, BMC announced its senior vice president of worldwide sales and services, John McMahon, will take on a new role effective April 1. He will become the company's senior vice president of go-to-market initiatives in the BMC's strategy and corporate development organization. McMahon will focus on sales and distribution initiatives.

At the end of 2010, Cisco (Nasdaq: CSCO) and BMC said they were joining forces to simplify and automate the delivery of cloud services. The new cloud alliance is expected to make its first incursions into Latin America through Brazil, Colombia and Mexico, Cisco Chile's data center products sales specialist, Fernando Corder, previously told BNamericas.

Use this link to view the full report on BMC earnings.