Feeds

BMC asks for more time to get books SOX-ready

Patience, shareholders

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

Sarbanes Oxley (SOX) has claimed another scalp with BMC today saying it will delay the filing of its annual report in order to buy more time to live up to the Act's exacting standards.

BMC will ask the US SEC (Securities and Exchange Commission) for a 15-day extension to file Form 10-K for the fiscal year ended March 31. The software maker "will file for the automatic extension because it will not complete the preparation of its consolidated financial statements and management's assessment of internal controls over financial reporting as required by" SOX. The delay has caused BMC to push back its fourth quarter earnings announcement as well.

The first run of SOX deadlines caught a number of companies, as they struggle to ensure that accounting controls are in order. Veritas and Cray were two of the biggest technology names already to ask for more SOX compliance time.

BMC assured investors that it still expects the fourth quarter to be in line with a forecast it provided in May. That forecast has BMC pulling in between $388m and $400m in revenue with earnings per share in a range of 8 cents to 12 cents. ®

Related stories

BMC apologizes for poor Q4 with massive job cuts
BMC snags OpenNetwork for $18m
BMC unites channel programme
BMC buys French identity software maker for $33m

Security for virtualized datacentres

More from The Register

next story
It's Big, it's Blue... it's simply FABLESS! IBM's chip-free future
Or why the reversal of globalisation ain't gonna 'appen
'Hmm, why CAN'T I run a water pipe through that rack of media servers?'
Leaving Las Vegas for Armenia kludging and Dubai dune bashing
Facebook slurps 'paste sites' for STOLEN passwords, sprinkles on hash and salt
Zuck's ad empire DOESN'T see details in plain text. Phew!
CAGE MATCH: Microsoft, Dell open co-located bit barns in Oz
Whole new species of XaaS spawning in the antipodes
Microsoft and Dell’s cloud in a box: Instant Azure for the data centre
A less painful way to run Microsoft’s private cloud
AWS pulls desktop-as-a-service from the PC
Support for PCoIP protocol means zero clients can run cloudy desktops
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.