BMC Slides After Hours; Says FY Q4 “Could Have Been Better”

BMC Software (BMC) this afternoon reported weaker-than-expected results for its fiscal fourth quarter ended March 3.

For the quarter, the provider of IT services management software posted revenue of $491 million, up 3% from a year ago, but below the Street at $508.7 million.� Non-GAAP profits of 65 cents a share were a nickel shy of Street estimates. The company says that while FY 2010 was “another very solid year,” the fourth quarter “could have been better, particularly for revenue and EPS.”

BMC added that the first quarter “began very strongly.”

For FY 2011, the company sees non-GAAP profits of $2.84 to $2.93 a share, ahead of the Street at $2.83.

In late trading, BMC is down $1.10, or 2.9%, to $36.98.