BMC Posts Higher 1Q Earnings, Beats Street, Raises Guidance

BMC Software reported fiscal 1Q net income jumped 85% to $57.2 million, or $0.28/share, with adjusted EPS of $0.37 beating the Street's consensus forecast of $0.34. Shares of BMC spiked 4.1% to $28.94 in extended activity on thin volume, after gaining 1.5% to $27.79 during normal trading. BMC's 1Q revenues rose 6.5% to $385m, topping analysts' average estimate of $375m. BMC raised its full-year EPS guidance to $1.69 - $1.79, compared to analysts' average estimate of $1.68. For the current quarter, BMC projects EPS of $0.39 - $0.44, on sales of $395m - $410m. Analysts were expecting $0.41/share, on sales of $401m. First-quarter bookings rose 19% on strength in its corporate service management and mainframe service management business, commented CEO Bob Beauchamp. (See earnings call transcript).

Sources: Press release, MarketWatch, Reuters
Commentary: BMC: Even Software is Bigger in Texas • BMC Software: Focused on Taming the IT Infrastructure • What Will Underpin BMC Software If Growth Falters? - Barron's
Stocks/ETFs to watch: BMC. Competitors: CA, HPQ, IBM. ETFs: SWH, PSJ, IGV

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