Software // Enterprise Applications
News
1/24/2006
05:42 PM
Connect Directly
RSS
E-Mail
50%
50%

A Changing CA Reports Improved Revenue And Earnings

The new management team says net income was $50 million in the quarter, compared to $31 million a year ago.

CA reported improved revenue and earnings in its most recent quarter as it remains on a path of "continuing to change the DNA of the company," according to John Swainson, president and chief executive.

"Changes like this take time and despite the best planning are never as swift or as smooth as we'd like," Swainson said during a conference call Tuesday. "We've made incredible improvements the last three quarters."

After emerging from federal financial investigations with a new management team, the company has changed it name officially to CA and created a new logo and branding strategy that is "symbolic of what we are doing to rebuild our marketing capabilities and take the company forward … in a shift from point products to business solutions."

For the third fiscal quarter ended December 31, 2005, CA reported net income of $50 million, or 10 cents a share, on revenue of $967 million, as compared to net income of $31 million, or 5 cents a share, on revenue of $917 million in the same quarter a year ago.

For the nine months ended with the quarter, CA has reported net income of $194 million, or 33 cents a share, on revenue of $2.83 billion, as compared to a net loss of $20 million, or loss of 3 cents a share, on revenue of $2.64 billion in same period a year ago.

For its fiscal fourth quarter ended March 31, CA projects revenue between $975 million and $1 billion, and earnings per share of 9 to 10 cents.

Comment  | 
Print  | 
More Insights
Building A Mobile Business Mindset
Building A Mobile Business Mindset
Among 688 respondents, 46% have deployed mobile apps, with an additional 24% planning to in the next year. Soon all apps will look like mobile apps and it's past time for those with no plans to get cracking.
Register for InformationWeek Newsletters
White Papers
Current Issue
InformationWeek Must Reads Oct. 21, 2014
InformationWeek's new Must Reads is a compendium of our best recent coverage of digital strategy. Learn why you should learn to embrace DevOps, how to avoid roadblocks for digital projects, what the five steps to API management are, and more.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
A roundup of the top stories and trends on InformationWeek.com
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.