* Q4 adj EPS $0.65 vs est $0.70
* Q4 rev up 2 pct
* Sees strong 2011 profit
* Shares down 6 pct after mkt
May 5 (Reuters) - Business software maker BMC Software Inc BMC.O posted a weaker-than-expected quarterly profit as revenue rose modestly, but forecast strong 2011 profit.
Shares of the company fell 6 percent in extended trading. BMC, which provides software to automate data center operations, posted fourth-quarter earnings of $118.8 million, or 64 cents a share, compared with $83.3 million, or 44 cents a share, a year ago.
Excluding items, the company earned 65 cents a share, while total revenue came in at $491.3 million.
Analysts were expecting earnings of 70 cents a share, on revenue of $508.7 million, according to Thomson Reuters I/B/E/S. [ID:nWNAB6804]
For the full-year 2011, BMC forecast earnings of $2.84 to $2.94 a share. Analysts were expecting profit of $2.83 a share.
Earlier in the day, the company said its board had authorized an additional $1 billion for stock repurchases.
Shares of the Houston, Texas-based company were down 6 percent in after-market trade at $35.95. They closed at $38.08 Wednesday on Nasdaq. (Reporting by Sayantani Ghosh in Bangalore; Editing by Jarshad Kakkrakandy)