BMC reports strong quarter alongside Red Hat deal

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

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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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Topic: Tech Industry

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