(Bloomberg) -- BMC Software Inc., a maker of programs that help companies update servers and personal computers, fell after forecasting fiscal 2013 profit that missed analysts’ estimates, a sign it’s struggling to clinch big contracts.
Shares declined as much as 9.5 percent to $40.26 in late trading after the company said in a statement yesterday that profit excluding some items will be $3.35 to $3.45 a share for fiscal 2013, which ends in March. The Houston-based company had previously forecast $3.49 to $3.59. Analysts had anticipated $3.56 on average, according to data compiled by Bloomberg.
Register or login for access to this item and much more
All Information Management content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access