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Quest Software profit beats Street; shares rise

Mon Aug 10, 2009 4:28pm EDT

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(Reuters) - Quest Software Inc (QSFT.O), which develops enterprise systems management solutions, posted a better-than-expected quarterly profit, helped by a fall in operating expenses.

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Quest Software, whose offerings include products related to application, database and Windows management, earned $20.5 million, or 21 cents a share, compared with $8.3 million, or 8 cents a share, in the year-ago period.

Revenue dipped 5 percent to $164.3 million.

Operating expenses declined 17 percent to $121.9 million.

Excluding items, the company earned 29 cents a share.

Analysts were expecting Quest Software to earn 20 cents a share, before items, on revenue of $165.5 million, according to Reuters Estimates.

Shares of the company were up 6 percent at $15.80 in trading after the bell. They closed at $14.93 Monday on Nasdaq.

(Reporting by Manasi Phadke in Bangalore; Editing by Deepak Kannan)
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