Close
  • Latest News
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Logo
  • Latest News
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Database
    • Database

    BMC to Slash Workforce

    By
    Lisa Vaas
    -
    July 28, 2003
    Share
    Facebook
    Twitter
    Linkedin

      BMC Software Inc., stung after a fiscal quarter that saw earnings plummet and losses skyrocket, will slash its workforce by 13 percent, close facilities and consolidate offices, company executives said when the company announced earnings on Monday.

      The Houston-based database management tool maker reported first-quarter fiscal 2004 earnings of $6.6 million, or $0.03 per share, which compares to the $0.08 per share it reported at this time last year.

      “We are taking quick action to improve our execution and financial performance while accelerating investments in strategic growth areas of the company,” said Bob Beauchamp, president and CEO, in a statement. “Although we fully expect the IT spending environment to remain challenging, we are confident that our restructuring actions will allow us to improve our profitability in the second half of our fiscal year.”

      BMC executives expect that the companys restructuring actions will slash between $25 million to $30 million from operating costs, once the effect of the restructuring savings are fully realized in the March quarter.

      The dismal earnings report comes at a shaky time for tool makers, with all of the major database makers—Microsoft Corp., Oracle Corp. and IBM—feverishly working on ease of administration in their respective database updates.

      The three are focusing database technology efforts on self-tuning, self-healing and self-management, as well as addressing larger databases that support more users. Thats all territory that encroaches on database tool makers raison dêtre.

      “This obviously will have an impact on database tool vendors like BMC, Quest [Software Inc.] and Computer Associates [International Inc.],” pointed out Noel Yuhanna, an analyst for Giga Information Group Inc., in Santa Clara, Calif.

      But in the long term, BMC should come out fine, since its been hard at work to churn out unified console technology that supports heterogeneous database platforms that will take advantage of customers installations and their grab-bags of databases, Yuhanna said.

      Other details of the earnings report were that BMC suffered net loss on a GAAP basis of $6.1 million, or a loss of $0.03 per diluted common share. Revenues for the quarter were $309.9 million, an increase of 2 percent over the first fiscal quarter of 2003. Total license revenues for the quarter were $107.6 million—a fall of 21 percent compared with year-ago figures. Maintenance revenues were $183.5 million, up 23 percent compared with the year-ago figure. Professional services revenues were $18.8 million, down 4 percent over last year. Operating expenses, excluding $15.6 million of amortization of intangibles, were $321.5 million, compared with $295.1 million a year ago.

      The results encompass the operations of Remedy, a BMC company. Remedys revenues were $54.1 million for the quarter, and expenses were $38.7 million, excluding $12 million of amortization of intangibles.

      Lisa Vaas
      Lisa Vaas is News Editor/Operations for eWEEK.com and also serves as editor of the Database topic center. Since 1995, she has also been a Webcast news show anchorperson and a reporter covering the IT industry. She has focused on customer relationship management technology, IT salaries and careers, effects of the H1-B visa on the technology workforce, wireless technology, security, and, most recently, databases and the technologies that touch upon them. Her articles have appeared in eWEEK's print edition, on eWEEK.com, and in the startup IT magazine PC Connection. Prior to becoming a journalist, Vaas experienced an array of eye-opening careers, including driving a cab in Boston, photographing cranky babies in shopping malls, selling cameras, typography and computer training. She stopped a hair short of finishing an M.A. in English at the University of Massachusetts in Boston. She earned a B.S. in Communications from Emerson College. She runs two open-mic reading series in Boston and currently keeps bees in her home in Mashpee, Mass.

      MOST POPULAR ARTICLES

      Big Data and Analytics

      Alteryx’s Suresh Vittal on the Democratization of...

      James Maguire - May 31, 2022 0
      I spoke with Suresh Vittal, Chief Product Officer at Alteryx, about the industry mega-shift toward making data analytics tools accessible to a company’s complete...
      Read more
      Cybersecurity

      Visa’s Michael Jabbara on Cybersecurity and Digital...

      James Maguire - May 17, 2022 0
      I spoke with Michael Jabbara, VP and Global Head of Fraud Services at Visa, about the cybersecurity technology used to ensure the safe transfer...
      Read more
      Cloud

      IGEL CEO Jed Ayres on Edge and...

      James Maguire - June 14, 2022 0
      I spoke with Jed Ayres, CEO of IGEL, about the endpoint sector, and an open source OS for the cloud; we also spoke about...
      Read more
      Applications

      Cisco’s Thimaya Subaiya on Customer Experience in...

      James Maguire - May 10, 2022 0
      I spoke with Thimaya Subaiya, SVP and GM of Global Customer Experience at Cisco, about the factors that create good customer experience – and...
      Read more
      Cloud

      Yotascale CEO Asim Razzaq on Controlling Multicloud...

      James Maguire - May 5, 2022 0
      Asim Razzaq, CEO of Yotascale, provides guidance on understanding—and containing—the complex cost structure of multicloud computing. Among the topics we covered:  As you survey the...
      Read more
      Logo

      eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Advertisers

      Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

      Advertise with Us

      Menu

      • About eWeek
      • Subscribe to our Newsletter
      • Latest News

      Our Brands

      • Privacy Policy
      • Terms
      • About
      • Contact
      • Advertise
      • Sitemap
      • California – Do Not Sell My Information

      Property of TechnologyAdvice.
      © 2022 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×