View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
December 7, 1997updated 03 Sep 2016 7:51pm


By CBR Staff Writer

Wall Street is feeling good about things at systems management firm BMC Software Inc. Analyst Charles Phillips of Morgan Stanley says he is encouraged about the company’s product flow, margin outlook, and near term business prospects. Morgan Stanley has raised its price target to $78 from $69 to reflect on-going momentum in the business. Phillips feels BMC’s emphasis on named accounts and focusing more dedicated resources on large accounts is starting to payoff. The company plans to grow its named account base from 50 customers to 100 over the next two years. He also points out that margins in the non-mainframe business are showing significant improvement and giving management more confidence about the long-range outlook for margins in the open systems business. Wendell Laidley of Deutsche Morgan Grenfell says that BMC management are confident with third quarter estimates of $190m in revenues and net income of $0.57 per share, as well as $200m in open systems, an increase of 100% year-over- year. Laidley also indicated that European business is continuing to accelerate, with improved sales balance among countries. BMC shares closed on Friday at $70.625, up $1.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.