BMC Software, which makes systems management software, said its fiscal fourth-quarter earnings grew 22% due to lower tax expenses and increased sales.
For the quarter ended March 31, the company earned $62.8 million, or 30 cents a share, compared with $51.6 million, or 24 cents a share, in the year-ago quarter. On an adjusted basis, the company said it earned 40 cents a share, compared with 28 cents a share in the year-ago quarter.
BMC's sales grew to $419.4 million, compared with $407.9 million in the same period last year.
Analysts polled by Thomson Financial projected income of 40 cents a share excluding an options expense, with sales of $426.8 million.
License and maintenance revenue increased. The company said total bookings rose 22% during the quarter.
BMC said it earned $215.9 million, or $1.03 a share, for the fiscal year.
The year before, the company earned $102 million, or 47 cents a share.
The company said its adjusted yearly profit came to $1.48 a share, compared with adjusted earnings of $1.03 in 2006.
BMC said its revenue totaled $1.58 billion in fiscal 2007, compared with $1.5 billion in 2006, as license and maintenance revenue grew year over year.
For the year, analysts expected income of $1.48 a share, excluding an options expense, with revenue of $1.59 billion.