IT, New Media & Software

Thursday, 26 March 2009 16:44

Quest Software reports fourth quarter and fiscal year 2008 results

 
{pp}Quest Software, Inc. (Nasdaq: QSFT), represented locally by Blue Turtle Technologies, has announced its financial results for the fourth quarter and fiscal year ended December 31, 2008.

Total revenues increased 8.0% year-over-year to $201.6 million in the fourth quarter of 2008 compared to fourth quarter 2007 revenue of $186.7 million. For the year, total revenues increased 16.5% to $735.4 million in fiscal 2008 compared to $631.0 million in fiscal 2007. Quest’s cash and investments at December 31, 2008, totalled $260.4 million, a decrease of $114.4 million over the comparable balance at September 30, 2008. “It’s great to see Quest continuing to show financial and product strength through 2008,” says Martyn Healy, Marketing Director, Blue Turtle Technologies. “We have seen similar growth locally, particularly in the Windows Management space.

Quest also made a number of strategic acquisitions during 2008 in key areas like Virtualization Management that position us to meet an even broader set of customer needs moving forward in 2009 and beyond.” Healy notes that Quest’s performance over the last year reinforces its strength in the market and quality of its partner relationships. “For Blue Turtle, this also serves to confirm that we are operating with some of the best companies in the IT space enabling us to deliver real definite benefits to our clients.”

About Blue Turtle Technologies Blue Turtle Technologies provides and supports best-in-class software solutions that optimise, enhance and leverage existing IT investment and assist in the cost-effective delivery of new technology. The company offers an extensive product range, sourced through its strategic partnerships with leading local and international software providers, augmented by best-practice implementation services. www.blueturtle.co.za About Quest Software, Inc. Quest Software, Inc., a leading enterprise systems management vendor, delivers innovative products that help organizations get more performance and productivity from their applications, databases, Windows infrastructure and virtual environments.

Quest also provides customers with client management through its ScriptLogic subsidiary and server virtualization management through its Vizioncore subsidiary. Through a deep expertise in IT operations and a continued focus on what works best, Quest helps more than 100,000 customers worldwide meet higher expectations for enterprise IT. Quest Software can be found in offices around the globe and at www.quest.com.

Contact information:
Blue Turtle Technologies
Enquiries: Martyn Healy
Tel: 011 206 5600
Fax: 011 206 5606
www.blueturtle.co.za

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