Irvine-based Quest Software Inc. posted gains in sales and earnings in the second quarter, the company said Thursday afternoon.
Sales at the database software maker rose 16% to $107.1 million, versus a year earlier. Operating income more than tripled to $16.4 million.
The income gain was aided in part by a $12 million increase in services revenue and the absence of a litigation charge, which hit the company last year.
The results fell a bit short of Wall Street expectations. Shares of Quest were down 9% to $13 in after-hours trading.
The company expects third-quarter sales of $111 million to $114 million. For 2005, the company projects sales of $452 million to $467 million.
Quest has made a couple of acquisitions this year. In May, the company acquired privately held Imceda Software Inc. for about $60 million.
The buy stands to expand Quest’s products that help manage SQL server databases. Quest’s main focus is to develop software for systems based on Oracle Corp. databases. But it has been developing products for other database software, such as SQL.
Quest bought Vintela Inc. of Lindon, Utah, for $56.5 million in July. Vintela makes software that helps products made by Microsoft Corp. work with the Linux operating system.
