* Q3 EPS 64 cents beats estimates by 5 cents
* Q3 revenue beats targets
* Raises FY 2009 earnings forecast
* Shares up 4 percent in after-hours trade
Feb 4 BMC Software Inc BMC.N reported a
higher quarterly profit that beat market estimates on strong
growth from its professional services unit, and increased its
earnings outlook for 2009, sending its shares up 4 percent.
BMC, which sells software for automating data center
operations, said it was seeing an opportunity for its business
service management product, which offers cost reductions, in
the tough economic environment.
The company continues to expect total revenue growth in the
high-single digits for fiscal 2009.
BMC forecast earnings of $2.20 a share to $2.30 a share for
the year. In October, it had forecast $2.15 to $2.25 a share.
For the third quarter ended Dec. 31, net income rose to 45
cents a share from 42 cents a share a year earlier. Excluding
items, earnings were 64 cents a share, beating expectations of
59 cents a share. [ID:nWNAB8287]
Revenue rose 6.4 percent to $488.4 million. Revenue from
professional services rose 27 percent to $39.9 million.
BMC shares rose $1.06 to $26.95 in trading after the bell.
They closed at $25.89 Wednesday on the New York Stock
(Reporting by S. John Tilak in Bangalore; Editing by Pratish