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January 26, 2010

BMC Q3 revenues up 4% to $508m

Net earnings surges 32.1% to $110.7m

By CBR Staff Writer

BMC Software has reported a revenues of $508m for the third quarter of fiscal year 2010, an increase of 4% compared to $488.4m for the same period last year. License revenue was $216.1m, up 12.1% compared to the third quarter of fiscal 2009. On a constant currency basis, total revenue and license revenue were up 2% and 9%, respectively.

For the third quarter ended December 31, 2009, the company posted an operating income of $147.6m, an increase of 14.7% compared to $128.7m. Total operating expenses for the quarter increased 0.2% to $360.5m compared to $359.7m.

The company’s net earnings for the quarter were $110.7m, an increase of 32.1%, compared to net earnings of $83.8m for the same period last year. Net earning per dilute share was $0.59, up 34.1%, compared to $0.44 per dilute share for the corresponding period last year.

Bob Beauchamp, chairman and chief executive officer of BMC, said: “Our third quarter financial performance was very strong, with record performance in revenue, non-GAAP net earnings and non-GAAP earnings per share, as well as robust growth in bookings. We also continued to enhance our technology leadership over our competitors, launching new solutions that position us more strongly than ever to capture the growing demand for managing the hybrid data centre.”

The company expects non-GAAP earnings per share in the range of $2.64 to $2.72 per share, which at the midpoint would represent a 19% increase year-over-year and a 11% increase compared to the initial fiscal 2010 guidance. The range excludes an estimated $0.65 to $0.68 per share for special items, including expenses related to the amortisation of acquired technology and intangibles, stock-based compensation and restructuring activity.

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