Oppenheimer Positive On BMC Software (NASDAQ: BMC) Quarterly Results

Oppenheimer reports positive results from BMC Software (NASDAQ: BMC).

The report declared “BMC delivered solid December results, with revenue ahead of our (and consensus) estimates and EPS in line with our estimate (a penny below consensus). ESM bookings remain robust, and MSM bookings (annualized, TTM) rose slightly. Management improved the outlook for key metrics and reiterated EPS guidance.”

BMC reported $540M revenue for the quarter which beat consensus estimates of $529M. Oppenheimer also stated “operating cash flow outlook rose to $710-760M (the midpoint represents y/y growth of $100M or 16%) versus a previous $675-725M.”

Oppenheimer maintained their Outperform rating on BMC Software.

BMC Software closed at $48.65.