BMC Software clocks 6% revenue growth at $580 million in Q3

Infotech Lead America: BMC Software has clocked 6 percent growth in third quarter revenue to $580 million.

BMC Software said its Cloud-related license bookings increased 44 percent year-over-year.

SaaS business grew to approximately 550 active customers; both SaaS customers and revenue more than doubled year-over-year.

Professional services revenue rose 16 percent on a year-over-year basis, and non-GAAP gross margin increased by 9 percentage points year-over-year.

Net earnings for the third quarter declined to $106 million from $120 million.

“BMC Software’s strategy, our target markets, our position in those markets, and our product and technology leadership continue to present significant opportunities for our company and our shareholders,” said Bob Beauchamp, BMC’s chairman and chief executive officer.

BMC expects full year fiscal 2013 cash flow from operations to be between $735 million and $785 million, which at the midpoint represents a 5 percent decrease over fiscal 2012, including the adverse impact from foreign currency exchange rates.

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