BladeLogic Reports on Q1

LEXINGTON, Mass. -- BladeLogic, Inc. (NASDAQ:BLOG), a leading provider of data center automation software, today announced its financial results for the first fiscal quarter of 2008 ended December 31, 2007.

Financial Highlights

Revenue for the first fiscal quarter of 2008 was $21,461,000, compared to $12,790,000 in the first fiscal quarter of 2007, an increase of 68%.

Net loss for the first fiscal quarter of 2008 was $(395,000), compared with a net loss applicable to common stockholders of $(152,000) in the same fiscal quarter of 2007. Net loss per diluted share was $(0.01) for the first fiscal quarter of 2008. For the first fiscal quarter of 2007 net loss per diluted share applicable to common stockholders, which includes the accretion of the Companys redeemable preferred stock that was either redeemed or fully converted into common stock at the time of the Company’s initial public offering, was $(0.01).

Non-GAAP adjusted income from operations was $90,000 for the first fiscal quarter of 2008, which excludes non-cash stock-based compensation expense of $1,214,000, compared to non-GAAP adjusted income from operations of $56,000 for the same fiscal quarter of 2007, which excludes non-cash stock-based compensation expense of $241,000. Net income per share on a non-GAAP adjusted basis, excluding stock-based compensation, was $0.03 per diluted share for the first fiscal quarter of 2008, compared to net income per share on a non-GAAP adjusted basis of $0.01 per diluted share for the same fiscal quarter of 2007, which excludes non-cash stock-based compensation expense of $241,000 and accretion of preferred stock dividends of $126,000.Non-GAAP adjusted income (loss) from operations and net income per share are non-GAAP financial measures that the Company’s management uses to evaluate the Company’s performance and for internal planning and forecasting purposes. In addition, many financial analysts that follow our Company focus on and publish both historical results and future projections based on non-GAAP financial measures. We believe that it is in the best interest of our investors to provide this information to analysts so that they accurately report the non- GAAP financial information. Moreover, investors have historically requested these non-GAAP financial measures as a means of providing consistent and comparable information with past reports of financial results. A reconciliation of the non-GAAP financial measures used in this release to the most comparable GAAP measure is included at the end of this press release.

“BladeLogic continues to capitalize on the strong demand for our leading data center automation software solutions resulting in strong revenue growth and continued positive cash flow from operations in our first fiscal quarter of 2008,” said Dev Ittycheria, BladeLogic’s president and CEO. “I am especially proud of the hard work of our employees worldwide in their support and execution of our growth strategy.”

BladeLogic Inc.