GAAP net earnings decrease 13%
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.
The company’s non-GAAP net earnings for the quarter were $153m, or $0.87 per diluted share, representing a 4% increase in non-GAAP net earnings and a 6% increase in non-GAAP diluted earnings per share compared to same quarter previous 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.
"We also continue to benefit from the strength of our technology, solid MSM results and large platform wins."
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%.
The company expects that non-GAAP diluted earnings per share will be in the range of $3.21 to $3.31 per share for fiscal 2012.
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.