Winning deals and getting new clients has become a regular
). The company will be offering its software-as-a-service
(SaaS)-based Remedy OnDemand to Royal DSM, which is expected
to expand its corporate IT offerings and improve customer
Royal DSM will migrate to the BMC Remedy OnDemand solution from
the BMC Remedy IT Service Management (ITSM) Suite. The BMC Remedy
OnDemand solution will benefit Royal DSM's corporate IT service
The selection of this SaaS-based solution will help Royal DSM to
increase its service management capabilities, which will help them
to better manage its customers. This new implementation is expected
to improve the process execution capabilities of the company.
Moreover, BMC has also recently secured an order from the
Generali Deutschland Group. The life and general insurance company
has deployed the BMC CMF MONITOR solution, which is expected to
help the German company lower its mainframe costs, and improve its
performance and capacity data to meet customer needs.
We believe that the BMC CMF MONITOR solution will find many
takers, as it makes life easier for insurance companies. BMC has
been enjoying a steady flow of deals and is also witnessing steady
growth in its SaaS-based business. Cloud bookings have also
improved. Though BMC's first quarter results were modest, we
believe that the series of deal wins could have a positive impact
on next quarter's revenue.
However, significant Fed budget cuts have had an impact on
government funds for IT administration. This apart, the economic
weakness in Europe is also affecting business. Additionally,
heightened competition from big industry players such as
) remains a concern.
Currently, BMC Software has a Zacks #3 Rank, indicating a
short-term Hold rating.
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