Quest Software has reported a 3.5% decrease in total revenues to $194.5m for the fourth quarter 2009, compared to $201.6m in the same period last year.
The company posted a gross profit of 172.6m, compared to $178m in the same period last year. Operating income increased to $45.46m from $39.64m while the operating margin was 23.4%, compared to 19.7% for the same period last year.
For the three months ended December 31, 2009, the company posted a net income of $37m, or $0.40 per diluted share, compared to net income of $29.2m, or $0.28 per share on a diluted basis.
For full year 2009, the company’s revenue dropped by 5.5% to $695.2m from $735.4m in fiscal 2008. The operating margin increased to 12%, compared to 11.1% while the net income increased to $70.4m, or $0.75 per diluted share, compared to $68.0m, or $0.64 per diluted share of the fiscal year 2008.
Doug Garn, president and CEO of Quest Software, said: “Overall, these results demonstrate our success through the year in expanding operating margins and delivering high-value solutions to our customers. We believe that we are entering 2010 with positive momentum in our existing and new markets and we remain enthusiastic in our ability to capitalise on the investments that we made in our people, products and infrastructure.”