BMC Software will report final results on October 25th.
Total revenues for the second fiscal quarter are estimated to be in the range of $288 million to $300 million. In addition, BMC Software earned other income for the second fiscal quarter estimated at $17 to $18 million.
Operating expenses, excluding amortization of goodwill and intangibles and special items, are estimated to be in the range of $300 million to $305 million, which is $28 million to $33 million lower than the first fiscal quarter and is flat to slightly down compared to the same quarter last year.
Cash flow from operations in the second fiscal quarter is estimated at $50 – $75 million. Cash and marketable securities were an estimated $1 billion at September 30. The Company does not have any short-term or long-term debt outstanding.
The Company has continued its $500 million stock repurchase program that began in April 2000 by spending $51 million to repurchase 3.4 million shares during the second fiscal quarter. Approximately $260 million remains in this program.
We are aggressively focused on the expense management initiatives that we announced in July. Our second fiscal quarter expenses were managed tightly and we have a strong cash flow and balance sheet, said Bob Beauchamp, president and chief executive officer of BMC Software. We achieved several competitive wins and added new customers over the past quarter and believe that we are well positioned for when economic conditions improve.
SOURCE: COMPANY PRESS RELEASE
