BMC Thursday announced its fiscal 2008 revenue, which the company reports marks an all-time high. BMC brought in $1.73 billion in fiscal 2008, with an 11% increase in total revenue in the management software vendor's fourth quarter.

More important perhaps is the fact that BMC logged $88 million in BSM (business service management) bookings, which the company and industry watchers say indicates customer adoption of BMC's strategic take on management software as well as potential future revenue growth for BSM offerings. BSM bookings were up 16% in the fourth quarter over the same quarter a year ago.

BMC’s fiscal 2008 fourth quarter net earnings on a GAAP basis were $97 million, compared to $63 million in the year-ago quarter. BMC also reported total revenue for the fourth quarter of fiscal 2008 at $467 million, up 11% over the prior year. Cash flow from operations for the year was $594 million, up 41% and the highest level in the past five years. And the company says its $1.73 billion in revenue for fiscal 2008 represents a 10% increase over 2007.

"Business Service Management has gone mainstream, even as BMC has extended our leadership in this rapidly growing space," said Bob Beauchamp, BMC’s president and CEO.

This news follows a big year for BMC. The company acquired BladeLogic, Emprisa Networks, RealOps and ProactiveNet in 2007. I guess the old adage is true: You have to spend money to make money.