BMC Software has posted record third quarter profits, driven by the success of its Patrol Management Suite.
For the third quarter ended 31 December 1997, the systems management supplier saw revenues grow to a record $196 million, up 31 per cent from the $150 million in the year-ago period.
Net profits increased by 35 per cent to $64.8 million, up from $48.1 million in the year earlier period and beating analyst estimates. This equated to diluted earnings per share of $0.60, up 33 per cent from $0.45 last year.
North America led the $30 million licence revenue increase by expanding 50 per cent over the same period last year. International licence revenue growth expanded by 19 per cent despite weakness in the company?s Asia/Pacific market and an unfavourable foreign currency market. Total revenues in the company?s core mainframe IMS and DB2 database tools increased by nine per cent.
?Our conviction that the mainframe remains a very viable platform for mission critical computing continues to be validated. We are solidifying our lead in open systems, while continuing to enjoy strong mainframe mips growth,? said Max Watson, chairman, president and CEO of BMC.
?Our goal for fiscal 1998 was to have the Patrol Management Suite of products reach critical market acceptance and the results indicate that Patrol is well on its way to becoming the de facto standard for application and database management,? added Watson.
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