Quest Software Inc. (QSFT) reported that its third-quarter net income decreased to $2.949 million or $0.03 per share from $17.317 million or $0.16 per share last year.
Non-GAAP net income increased to $31.184 million from $26.830 million a year ago. Non-GAAP earnings per share increased to $0.34 from $0.25 a year ago.
On average, 11 analysts polled by Thomson Reuters expected the company to report profit of $0.30 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues decreased to $170.849 million from $187.565 million last year. Analysts expected revenue of $172.06 million for the quarter.
Quest also announced that it has reached an agreement in principle with the class representative to settle the shareholder class action relating to alleged option backdating that was filed in October 2006 in the U.S. District Court for the Central District of California against Quest and certain of its current or former officers and directors for a payment of $29.4 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.