BMC Software (BMC) Shares Gain 5% After Strong Earnings/Guidance Report

May 16, 2008 11:15 AM EDT

BMC Software Inc. (NYSE: BMC) shares gain almost 5% in early trading after reporting Q4 earnings that were 12 cents better than the analyst estimates. Revenues for the quarter were $467 million, $7 million better than the consensus. BMC sees FY09 EPS $2.10-$2.20 versus $2.09 consensus.

Normally, with a strong financial report in an uncertain economy, shares should have jumped quite a bit higher. However, taking a look at BMC's chart, shares are trading at a 52-wk high and the stock has come 60% in the year. Also, investors may be waiting to see how the integration of recent acquisitions will play out.

Also note that in June 2007, BMC acquired ProactiveNet, Inc. In July 2007, the Company acquired RealOps. In October 2007, BMC Software acquired privately held Emprisa Networks. On April 18, 2008, BMC Software’s wholly owned subsidiary, Bengal Acquisition Corporation, had acquired approximately a 96.7% interest in BladeLogic.[SM]

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