BMC Software posted a profit for its latest financial quarter and reported good progress integrating recently acquired Boole and Babbage into its business.
Profit for BMC's first quarter ended 30 June 1999 was $16.4 million, or seven cents a share, compared to $67.2 million, or 27 cents in the year-ago quarter. Profit was dented by a range of costs, including those related to the acquisition of Boole and Babbage in March.
Excluding costs, profit increased 34 per cent to $105.3 million, or 31 cents from $78.5 million, or 32 cents a share a year earlier.
Revenue for the quarter jumped 43 per cent to $400.7 million, from $279.3 million, during the year earlier period.
Andrew Milroy, IDC analyst said that BMC's results are "pretty impressive" considering they are in a "consolidated market" and are "sandwiched a little bit between IBM's Tivoli and Computer Associates."
Max Watson, chairman, president and chief executive of BMC Software said: "Our first quarter for fiscal 2000 was the one in which BMC Software completed its transition into a top-tier systems software provider."
"Following the merger with Boole & Babbage in March, we successfully completed the acquisition of New Dimension software. We have spent the quarter bringing the three companies together into what we believe is a powerful, integrated company."
Watson said that whilst forging a new identity, BMC "did not forget about execution."
"We had strong growth across both mainframe and distributed systems," he said.
BMC reported healthy licence revenue growth at 47 per cent for the first quarter, with North American licence revenues growing 63 per cent and international licence revenues growing 17 per cent.
Milroy commented: "The market is growing rapidly but a lot of the licence growth will be due to the acquisitions."
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