COMPANY PRESS RELEASE: BMC Software has released preliminary financial results for the third quarter of fiscal 2002. BMC Software said its earnings for the third quarter ended December 31, 2001 are preliminarily estimated to be in the range of $18 million to $23 million and diluted earnings per share are preliminarily estimated to be in the range of $.07 to $.09.
Both earnings estimates exclude amortization/impairment of goodwill and intangible assets and special charges. This range of estimated diluted earnings per share is above the current First Call analyst consensus estimate of $0.06.
Total revenues for the third fiscal quarter are estimated to be in the range of $312 million to $319 million. Operating expenses for the third fiscal quarter, excluding amortization/impairment of goodwill and intangibles and special charges, are estimated to be in the range of $300 million to $305 million.
I am very pleased with the progress we made in the December quarter, said Bob Beauchamp, president and chief executive officer, BMC Software. We produced some very solid competitive wins during the quarter and experienced sequential revenue improvements in both North America and International markets. BMC Software has strong products, great employees and an incredibly loyal customer base, and to the extent general economic conditions improve, I believe we are well positioned for continued improvement.