Operating income surges 27.8% to $134.8m
BMC Software has reported a revenues of $461.8m for the second quarter of 2010, a decrease of 1% compared to $466.7m for the same period in the prior year. License revenue was $174m, a decrease of 1% compared to the second quarter of fiscal 2009. On a constant currency basis, both total revenue and license revenue were roughly flat.
For the first six months the total revenue was $911.8m, an increase of 0.8% compared to $904.2m for the the same period last year. License revenue for the first half was $341m, an increase of 5% compared to $324.9m.
For the second quarter operating income was $134.8m, an increase of 27.8% compared to $105.5m. Operating income for the first six months was $243m, an increase of 104.5% compared to $118.8m for the same period prior year. Total operating expenses for the quarter declined 95% to $327m compared to $361.2m.
The company’s net earnings for the quarter were $94m, or $0.50 per diluted share compared to $70m and $0.36 per diluted share in the year ago period. For the first six months, net earnings was $176.6m, or $0.94 per diluted share compared to $71m, or $0.37 per diluted share in the same period of the prior year.
Bob Beauchamp, chairman and CEO of BMC, said: “The need for more productive and efficient IT management has never been greater. To meet this demand, we remain focused on investing in our business to enhance our industry-leading, highly dynamic Business Service Management platform.”
The company expects non-GAAP earnings per share of $2.55 to $2.65 per share, which at the midpoint would represent a 15% increase year over year and a 7% increase compared to the initial fiscal 2010 guidance. This range excludes an estimated range of $0.61 to $0.65 per share for special items, including expenses related to the amortisation of acquired technology and intangibles, stock-based compensation and restructuring activity.