Our Full-Service B2B Marketing Program Delivers Sales-Ready Leads Click to Learn More!
Welcome Guest | Sign In
ECommerceTimes.com

Stock Watch: Profit Warning Sends BMC Lower

By Nora Macaluso
Oct 5, 2000 12:00 AM PT

BMC Software, Inc. (Nasdaq: BMCS) lost 1 3/16 to close at 16 7/16 Wednesday after the company said second quarter revenue and earnings would be below earlier estimates.

Stock Watch: Profit Warning Sends BMC Lower

The Houston, Texas-based e-business software company said revenue for the quarter ended September 30th will be $320 million to $330 million, with earnings before items totaling $25 million to $30 million, or 10 to 12 cents per share. In the year-earlier quarter, the company reported income before items of $110.4 million, or 44 cents per share, on revenue of $415.7 million.

"We continue to see a lack of a sufficient number of customers committing to large enterprise transactions," said BMC president Max Watson. "We will continue to adjust our business models and strategies to reflect this market reality."


Facebook Twitter LinkedIn Google+ RSS
Of the following CES 2018 crowd pleasers, which do you consider the most important or desirable new tech?
Google Assistant -- voice-activated AI on displays everywhere
Helite's Hip'Air - a hip-protecting airbag belt for seniors
HTC Vive Pro - a VR headset with way better resolution and sound
Samsung's 'The Wall' - a modular TV with MicroLED for consumers
Sony's Aibo -- a lovable AI-powered robotic pet dog
Toyota's e-Palette -- a self-driving van for deliveries and more