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Investing

BMC’s Bright Outlook (BMC)

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By Douglas A. McIntyre Published

BMC Software Inc. (NYSE: BMC) is doing something that many software and technology companies might consider heresy.  It grew earnings, and is raising guidance.  Doen’t the company know there is a recession?

It posted flat Q3 net income flat of $83.8 million.  This translates to $0.64 non-GAAP EPS. Revenue rose more than 6% to $488.4 million.  Thomson Reuters estimates were $0.59 EPS and $487.6 million in revenue.

The company said it was raising guidance for earnings for the full fiscal year to $2.20 and $2.30 EPS excluding items.  Keep in mind that March will mark the year end, but these estimates are $2.19 EPS.

Shares closed down marginally but are trading up 4% at $26.95 in after-hours reaction.  Its 52-week trading range is $20.58 to $40.87.  Maybe some companies just get it right even in hard times.

Jon C. Ogg

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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