Aliso Viejo’s Quest Software Inc. reported initial third-quarter revenue that beat expectations from Wall Street on Tuesday.
Quest, which earlier this year finished an inquiry into misdated stock options and is restating past results, said it had revenue of $153.4 million in the quarter, up 12% from a year earlier and up 8% from the second quarter.
Analysts were expecting $151 million in revenue. Quest’s shares were up about 4% in afterhours trading on a market value of $1.7 billion.
The company reported cash and investments of $366 million, up 14% from a year earlier.
Quest’s cash was down from $423 million at the end of the second quarter. In August, the company paid $90 million to acquire Boca Raton-based ScriptLogic Corp., including $77 million in cash.
The company, which hasn’t released full financial results since early 2006, said it doesn’t expect to meet a Nasdaq deadline of Wednesday to file quarterly reports for this year and most of 2006. The exchange plans to extend the deadline until January, Quest said.
In September, Quest said it plans to restate results from 1999 to early 2006 with charges of $143 million to fix misdated options.
Quest makes programs that improve the speed and user-friendliness of databases and e-mail software. The company has yearly sales of nearly $600 million.
