Driven by continuing demand for its client-server products and professional services, Computer Associates International today announced record operating results for its first quarter of fiscal year 2000.
For the quarter ended June 30, CA's revenue was $1.22 billion, an increase of 17% over the $1.05 billion reported in the previous year's first quarter. Total revenue increased 19% when adjusted for the negative impact of foreign exchange rates.
The company's first-quarter net income, excluding a $646 million research and development charge related to its acquisition of Platinum Technology, was $214 million. First-quarter operating earnings per share, excluding the research and development charge and certain amortization charges, was 49 cents, up 20% from 41 cents a year ago and above the mean analyst expectation of 40 cents per share.
In the quarter, CA's client-server revenue grew by 22% to $596 million. Professional services revenue increased by 133% to $119 million, and revenue from international operations was $373 million, an increase of 22% when adjusted for the effect of foreign exchange.
During the quarter, CA closed its $3.5 billion acquisition of Platinum Technology, and said that it will use Platinum's products to "build a new generation E-commerce platform." CA also reclassified Jasmine TND (The Next Dimension) as a technology platform on which it will develop products, rather than selling Jasmine as a stand-alone object-oriented database.
How Enterprises Are Attacking the IT Security EnterpriseTo learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Infographic: The State of DevOps in 2017Is DevOps helping organizations reduce costs and time-to-market for software releases? What's getting in the way of DevOps adoption? Find out in this InformationWeek and Interop ITX infographic on the state of DevOps in 2017.
IT Strategies to Conquer the CloudChances are your organization is adopting cloud computing in one way or another -- or in multiple ways. Understanding the skills you need and how cloud affects IT operations and networking will help you adapt.