BMC Software Inc.
) was selected by the privately-held UK-based Specsavers for their
information technology service management (ITSM) needs. Specsavers,
one of the world's biggest optical chain stores, is increasing its
store count two-fold and they opted for BMC's solutions to
efficiently address the multiple requirements of its optometrist
partners. The financial impact for BMC was not disclosed.
Specsavers has a tight deadline in mind, which is expected to be
met by the flexible nature of BMC's solution. Moreover, BMC found
favor with Specsavers because its solutions surpassed the
price-to-performance needs of the company. BMC not only met
all the needs of Specsavers, but also offered a quality solution at
a reasonable price to the company, which was one of the deciding
Separately, BMC has been winning deals from different state
departments. The company recently announced that it would provide
its information ITSM support to the State of Connecticut for an
Significant Fed budget cuts have put a restriction on funds for IT
administration. In such a situation, the state had no other option
but to search for a cost-effective IT supervision system. After
evaluating ITSM systems from key players such as
), the state's administration department found BMC Software's
FootPrints solution to be suitable.
Despite the flow of deals, the company reported a sluggish first
quarter. However, the company saw substantial cloud bookings and
increased SaaS customers.
Additionally, BMC has witnessed growth in most of its business
segments and generated decent cash flow. However, the company is a
bit apprehensive about the bleak business conditions in Europe.
Moreover, growing competition from big players such as
Hewlett-Packard Company (
) will pose challenges for the company.
BMC carries a Zacks #3 Rank, implying a short-term Hold
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