Quest Software has reported total net revenue of $186.1m for the second quarter of 2010, an increase of 13.3% compared to $164.3m for the same period last year. Revenue from lincenses grew 25.2% year-over-year to $77.1m, while services revenue grew 6% to $109.0m.
The company posted an operating income of $33.1m for the second quarter of 2010, compared to $21.3m for the same period last year.
For the second quarter ended June 30, 2010, the company posted net income of $17.4m, a decrease of 15% compared to a net income of $20.5m for the same quarter a year ago. Net income per diluted share was down by 10% to $0.19 from $0.21 per share for year ago quarter.
Doug Garn, president and CEO of Quest Software, said: "Overall, this was a strong quarter. We realised a marked improvement in license growth which generated the best pro forma operating margin performance for a second quarter in our company’s history.
"Furthermore, as announced previously, our acquisition of Volcker Informatik strengthens our Identity and Access Management offerings. In addition, our pending acquisition of Surgient, announced today, will expand our footprint within the virtualisation management market by enabling our customers to rapidly and affordably deploy a private cloud-based infrastructure."
