BMC Software has reported revenues of $461m for the first quarter of fiscal year 2011, an increase of 2.4% compared to $450m for the same period last year. License revenue grew 3% to $171.2m, while revenue from professional services grew 13% to $35.9m when compared to same quarter of fiscal 2010.
For the first quarter ended June 30, 2010, the company posted an operating income of $108.1m, a decrease of 0.1% compared to $108.2m. Total operating expenses for the quarter increased 3.2% to $352.8m compared to $341.8m for the same quarter previous year.
The company’s net earnings for the quarter was $92.8m, an increase of 12.6%, compared to net earnings of $82.4m for the same period last year. Net earnings per dilute share was $0.50, up 13.6%, compared to $0.44 per dilute share for the corresponding period last year.
Bob Beauchamp, chairman and chief executive officer of BMC, said: "During the first quarter of fiscal 2011, BMC Software had robust bookings growth and a solid overall performance. BMC is continuing to lead our market in terms of both vision and technology.
"The technology trends driving our markets such as cloud computing, virtualisation and software-as-a-service represent a strengthening tailwind that is propelling the Company forward."
For full year fiscal 2011, the company expects non-GAAP diluted earnings per share in the range of $2.84 to $2.94 per share, which at the midpoint would represent a 9% increase over last year. This range excludes an estimated $0.71 to $0.76 per share for non-GAAP adjustments.
