BMC Software 4Q earnings rise on licensing growth

Net income for the quarter ending March 31 increased to $97 million, or 50 cents per share, compared with earnings of $62.8 million, or 30 cents per share, during the same quarter the previous year.

Analysts polled by Thomson Financial, on average, forecast earnings of 51 cents per share on revenue of $460.3 million.

BMC Software's revenue increased 11 percent to $466.9 million during the quarter, from $419.4 million during the year-ago period.

Revenue from licensing increased 14 percent during the quarter to $189.3 million, helping to improve BMC Software's profit.

Professional services revenue increased 37 percent to $32.7 million.

For the full fiscal year, BMC Software's net income rose to $313.6 million, or $1.57 per share, from $215.9 million, or $1.03 per share, during the prior year.

Shares of BMC Software rose $1.32, or 3.6 percent, to $37.75 in aftermarket activity. The stock earlier added 61 cents to close at $36.43.