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August 12, 2012

Quest Software reports 6.3% rise in Q2 revenue

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

By CBR Staff Writer

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.

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.

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

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