BMC Software earnings slip in fiscal 2nd quarter

HOUSTON - BMC Software Inc. on Thursday reported its income declined nearly 10 percent in its fiscal second quarter, but its adjusted results topped Wall Street estimates.

The enterprise software maker reported fiscal second-quarter income of $69.8 million, or 36 cents per share, compared with $77.4 million, or 38 cents per share, in the year-ago period.

The company attributed the earnings decline in part to asset amortization related to its purchase of data center automation company BladeLogic earlier this year. Excluding that and other special items, BMC posted net income of $108 million, or 56 cents per share.

BMC's revenue climbed 11 percent to $466.7 million from $420.7 million. License revenue increased 16 percent to $175.5 million, while maintenance revenue grew 6 percent to $255.5 million.

Analysts polled by Thomson Reuters expected more modest income of 51 cents per share on revenue of $467.4 million in the quarter ended Sept. 30. Analyst estimates typically exclude one-time items.

BMC also raised its guidance for fiscal 2009.

In aftermarket activity, shares of BMC lost 58 cents, or 2.3 percent, to $24.61. The stock earlier rose $1.48, or 6.3 percent, to close at $25.19. The stock has ranged from $20.58 to $40.87 over the past year.

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