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BMC Software Ascends After Sales, Profit Exceed Estimates

BMC Software Inc. rose the most in six months after fiscal fourth-quarter earnings and sales topped analysts’ predictions, driven by demand for cloud computing and other software.

BMC climbed $2.19, or 4.5 percent, to $51.26 at 4 p.m. New York time in Nasdaq Stock Market trading. It earlier rose as high $53.81 for the biggest intraday gain since Feb. 5, 2009. Profit excluding some items of 78 cents topped analysts’ estimates by 1 cent, while sales of $562.2 million were 4.2 percent higher than projections.

Houston-based BMC, which sells software that lets information technology departments better manage fleets of computers is benefitting as customers update their data centers with systems running newer technologies. Those include servers running Web-based applications and so-called virtualization software, which helps computers run more efficiently.

Demand for BMC’s mainframe management software increased after International Business Machines Corp.’s released a new mainframe system earlier this year, Yun Kim, an analyst at Gleacher & Co. in New York, said in a note to clients today. Kim has a neutral rating on BMC.

2012 earnings excluding some costs will be $3.21 to $3.31 a share, the company said in a statement after the close of U.S. markets yesterday. Cash flow from operations will be between $825 million and $875 million, the company said.

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