HOUSTON — BMC Software posted revenues for the fiscal year ending March 31 of US$1.58 billion, a six per cent increase over the same period a year before.
It was helped by a 22 per cent growth in total bookings for the fourth quarter, driven by significantly higher new license bookings related to the company’s Business Service Management (BSM) offerings. License bookings in quarter were $217 million (all figures in U.S. dollars), up 25 percent over the year-ago quarter.
Total fourth quarter revenues were $419 million. Fourth quarter net earnings on a GAAP basis were $63 million, compared to $52 million in the year-ago quarter. The fourth quarter of fiscal 2007 marked the eighth consecutive quarter that BMC has met or exceeded guidance, the company said.
“Our outstanding results for the quarter and the year are proof of our success in establishing BMC Software as the enterprise management provider of choice among the world’s leading IT organizations” said Bob Beauchamp, BMC’s president and chief executive officer. “Across all key financial metrics, we continued to improve the level, consistency and quality of our performance during fiscal 2007.”
The company said continues to maintain a strong balance sheet, ending the fiscal fourth quarter with a record total of $1.73 billion in deferred revenues, a record $504 million in deferred license revenue, and a record high of $1.5 billion in cash and marketable securities.
The company expects fiscal 2008 revenues to increase in the low- to mid-single digits. The Company anticipates continued non-GAAP operating margin improvement in fiscal 2008.