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Quest Beats Revenue, Profit Targets in Q3

Aliso Viejo-based Quest Software Inc. on Thursday reported third-quarter revenue and adjusted profits that beat Wall Street expectations.

Quest posted revenue of $220 million, up 14.2% from a year earlier.

Analysts on average had forecast revenue of $214 million.

Adjusted profits topped $35 million, down nearly 4% from a year ago.

Wall Street had expected an adjusted profit of about $31 million.

Quest makes software that manages and improves on other business products from Redmond, Wash.-based Microsoft Corp., Oracle Corp. in Redwood Shores, New York-based IBM Corp., and others.

Quest is Orange County’s third-biggest software maker by revenue with some $800 million in yearly sales and a market value of about $1.5 billion.

Quest did not provide any guidance for the current quarter.

Analysts are expecting an adjusted profit of $43 million on about $244 million in revenue.

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