BMC, Symantec earnings shine, Akamai lags

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.

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TOPICS: Banking
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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.

Topic: Banking

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