BMC, Symantec earnings shine, Akamai lags

Summary:Tech earnings were a mixed bag on Wednesday. BMC and Symantec had better than expected results, but Akamai lagged.

Tech earnings were a mixed bag on Wednesday. BMC and Symantec had better than expected results, but Akamai lagged.

  • BMC Software reported fiscal first quarter earnings of $96 million, or 53 cents a share, on revenue of $502 million, up 9 percent from a year ago. Non-GAAP earnings were 72 cents a share. Wall Street was looking for earnings of 68 cents a share. BMC CEO Bob Beauchamp said that the company benefited from cloud adoption, its on-demand software and a mainframe upgrade cycle. For fiscal 2012, BMC projected non-GAAP earnings of $3.25 a share to $3.35 a share, up from the company's outlook in May. Revenue growth will be in the high single to low double digits.
  • Akamai reported earnings of $47.9 million, or 25 cents a share, on revenue of $277 million. Non-GAAP earnings were 35 cents a share. Wall Street was expecting earnings of 36 cents a share. Akamai said that the company is poised to capitalize on cloud computing, security and mobile connectivity.
  • Symantec reported fiscal first quarter earnings of $172 million, or 22 cents a share, on revenue of $1.65 billion, up 15 percent from a year ago. Non-GAAP earnings were 40 cents a share. Wall Street was looking for earnings 37 cents a share. As for the outlook, Symantec projected second quarter non-GAAP earnings of 38 cents a share to 39 cents a share on revenue of $1.65 billion to $1.67 billion. Wall Street was looking for earnings of 38 cents a share on revenue of $1.62 billion.

Topics: Banking

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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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