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BMC Software expects fiscal 2009 earnings growth



By AP
15 May 2008 @ 04:57 pm EST

HOUSTON - Business software company BMC Software Inc. said Thursday it expects fiscal 2009 earnings to rise between 34 percent and 40 percent compared with the previous year.

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BMC Software expects to earn between $2.10 and $2.20 per share during fiscal 2009, which began April 1. The earnings estimate excludes 89 cents of special items including expenses related to the amortization of acquired technology and intangible, in-process research tied to its acquisition of BladeLogic and stock-based compensation.

The estimate includes a charge of 10 cents per share tied to the BladeLogic acquisition and another 6 cents due to the write-down of deferred revenue, retention and integration costs.

During fiscal 2008, BMC Software earned $1.57 per share.

Analysts polled by Thomson Financial, on average, forecast BMC Software will earn $2.09 per share during fiscal 2009. Analysts typically exclude special items from their estimates.

Shares of BMC Software rose $1.32, or 3.6 percent, to $37.75 in after-hours trading. They earlier rose 61 cents to close at $36.43.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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