BMC Software, Inc. Earnings Cheat Sheet: Increased Profit Helps Beat the Street

S&P 500 (NYSE:SPY) component BMC Software, Inc. (NASDAQ:BMC) reported net income above Wall Street’s expectations for the first quarter. BMC Software, Inc. is a software vendor offering an extensive portfolio of software solutions, including mainframe, distributed and virtualized systems, applications, databases and IT process management functions.

Get more Earnings Cheat Sheets with our in depth coverage of earnings season >>

BMC Software Earnings Cheat Sheet for the First Quarter

Results: Net income for the application software company rose to $95.7 million (53 cents per share) vs. $92.8 million (50 cents per share) in the same quarter a year earlier. This marks a rise of 3.1% from the year earlier quarter.

Revenue: Rose 9% to $502.4 million from the year earlier quarter.

Actual vs. Wall St. Expectations: BMC reported adjusted net income of 72 cents per share. By that measure, the company beat the mean estimate of 57 cents per share. Analysts were expecting revenue of $506.4 million.

Quoting Management: “During our fiscal 2012 first quarter, we continued to leverage our technology leadership and capitalize on the growing customer demand for more agile, flexible IT infrastructures,” said Bob Beauchamp, BMC’s chairman and chief executive officer. “Our cloud and software-as-a-service (NASDAQ:SAAS) solutions gained further traction in the marketplace and our mainframe business performed strongly.”

Key Stats:

Revenue has risen the past four quarters. Revenue increased 14.4% to $562.2 million in the fourth quarter of the last fiscal year. The figure rose 6.3% in the third quarter of the last fiscal year from the year earlier and climbed 8.8% in the second quarter of the last fiscal year from the year-ago quarter.

The company topped expectations last quarter after falling short of forecasts in the fourth quarter of the last fiscal year with net income of 55 cents versus a mean estimate of net income of 66 cents per share.

Net income has increased 11.5% year over year on average across the last five quarters. The biggest gain came in the second quarter of the last fiscal year, when income climbed 39.9% from the year earlier quarter.

Competitors to Watch: Oracle Corporation (NASDAQ:ORCL), Microsoft Corporation (NASDAQ:MSFT), Red Hat, Inc. (NYSE:RHT), CA, Inc. (NASDAQ:CA), Novell, Inc. (NASDAQ:NOVL), Intl. Business Machines Corp. (NYSE:IBM), Quest Software, Inc. (NASDAQ:QSFT), Compuware Corporation (NASDAQ:CPWR), SAP AG (NYSE:SAP), and Hewlett-Packard Company (NYSE:HPQ).

Get more Earnings Cheat Sheets with our in depth coverage of earnings season >>

(Source: Xignite Financials)

More from The Cheat Sheet