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On Feb. 4, 2009, BMC Software

(BMC)

reported that its Q3 FY09 earnings inched down marginally due to negative net income. Net income for the quarter declined to $83.80 million from $84.00 million in Q3 FY08. However, EPS improved 7.1% to $0.45 per share from $0.42 per share, due to lower share count. Excluding special items, net earnings were $121.00 million or $0.64 per share, up 13.6% from $106.50 million or $0.54 per share. The latest quarterly results topped the consensus estimate of $0.59 per share.

Total revenue grew 6.4% to $488.40 million from $459.00 million a year ago, led by strong performance across businesses. License revenue spiked 6.2% to $192.80 million from $181.50 million, while Maintenance revenue rose 3.9% to $255.70 million from $246.10 million. Professional service revenue surged 27.1% to $39.90 million from $31.40 million in the prior year's quarter. BMC ended the quarter with $1.73 billion of deferred revenue.

During the quarter under review, BMC Software repurchased 3.2 million shares for $80.00 million. The company has $395.00 million remaining under its repurchase plan. Additionally, BMC introduced the advanced Performance Advisor technology as part of BMC SQL Performance for DB2 for z/OS. Recently, the company was selected by RSA, the Security Division of enterprise storage EMC, to create a more efficient IT environment and eliminate any downtime. The company also announced it was cutting 350 jobs, which will result in pretax charges of $18.00 million to $23.00 million in FY09

Looking ahead to FY09, BMC raised its non-GAAP earnings forecast to be in the range of $2.20 per share to $2.30 per share, from a previous guidance of $2.15 per share to $2.25 per share. The company maintained its total revenue growth guidance in the high-single digits.

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