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Technology / AI and automation

Quest Software reports 6.3% rise in Q2 revenue

Quest Software has reported 6.3% rise in its revenues to $215.7m during the second quarter (Q2) of 2012 when compared to $203m it registered in Q2 of 2011.

The company’s total revenues during the six months (H1) of 2012 were $427.9m, an increase of 9.4% when compared to $391.1m for H1 2011.

During Q2, the company’s operating margin was 12.5%, when compared to 5% during the same period in 2011, which resulted in an operating loss of $27m over the operating income of $10.2m registered during the corresponding period in 2011.

Operating margin for the six months was 5.1% compared to 4% during corresponding period in 2011.

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The company reported a net loss of $31.4m and $28.7m during Q2 and H1 respectively when compared to net income of $5.7m and $9.1m during the respective periods in 2011.

During Q2, the company’s total cash and investments were $249.6m, reporting a decline of $32.8m when compared to Q1 2012, while the cash flow was $19.2m for Q2.

The company paid $37m to Insight Venture Management and Vector Capital in termination fees and expenses to merge with Dell, which is expected to be completed by the Q3 of 2012.

Last month, Dell secured approval from the US Federal Trade Commission to buy Quest Software for $2.4bn to expand its offerings.

This article is from the CBROnline archive: some formatting and images may not be present.

CBR Staff Writer

CBR Online legacy content.