- Language: English
- Published: January 2012
Summary: BMC Software Inc. Feb 11
- Published: February 2011
- Standard & Poors
With fiscal 2010 (ended March) revenues of about $1.9 billion, Houston-based BMC Software Inc.'s ratings reflect the company's satisfactory business profile and modest leverage, offset by a concentrated earnings base, a very competitive marketplace, and the presence of larger and more diversified competitors. BMC is a leading provider of systems management software solutions on mainframe and distributed platforms. Predictable recurring revenues from contractual maintenance agreements, a highly defensible market position, and entrenched customer relationships largely support the company's stable revenue base. About half of BMC's revenue is generated offshore. In fiscal 2010 (ended March), BMC's operating segments contributed to its 2% revenue growth. While the company's distributed systems segment accounted for about 60% of total revenues, the mainframe segment continued...
Companies mentioned in this report are: BMC Software Inc.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >
BMC Software Inc.