BMC reports strong quarter alongside Red Hat deal

Summary:The company exceeded analyst expectations with its fourth-quarter earnings, while it announced a cloud-computing partnership with Red Hat

BMC reported strong fiscal fourth-quarter results as the company's focus on managing datacentres and cloud-computing deployments paid off. Separately, BMC announced a cloud computing partnership with Red Hat.

The company reported fourth-quarter earnings of $123m (£74m), or 67 cents a share, on revenue of $562m, up 14 percent from a year ago. Non-GAAP earnings were 78 cents a share. Wall Street analysts were looking for earnings of 77 cents a share on revenue of $538.7m.

Elsewhere, BMC and Red Hat expanded their partnership. Under the deal, BMC's Cloud Lifecycle Management software will be integrated with Red Hat Enterprise Linux and Enterprise Virtualisation Manager.

For more on this ZDNet UK-selected story, see BMC delivers strong Q4, ups outlook, teams with Red Hat on ZDNet.com.


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Topics: Tech Industry

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Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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