A Changing CA Reports Improved Revenue And Earnings - InformationWeek
IoT
IoT
Software // Enterprise Applications
News
1/24/2006
05:42 PM
50%
50%
RELATED EVENTS
How Upwork Cut Zero-Day File Attacks by 70%
Oct 05, 2017
Upwork has millions of clients and freelancers that have to upload and download many files to and ...Read More>>

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
Comments
Newest First  |  Oldest First  |  Threaded View
[Interop ITX 2017] State Of DevOps Report
[Interop ITX 2017] State Of DevOps Report
The DevOps movement brings application development and infrastructure operations together to increase efficiency and deploy applications more quickly. But embracing DevOps means making significant cultural, organizational, and technological changes. This research report will examine how and why IT organizations are adopting DevOps methodologies, the effects on their staff and processes, and the tools they are utilizing for the best results.
Register for InformationWeek Newsletters
White Papers
Current Issue
2017 State of IT Report
In today's technology-driven world, "innovation" has become a basic expectation. IT leaders are tasked with making technical magic, improving customer experience, and boosting the bottom line -- yet often without any increase to the IT budget. How are organizations striking the balance between new initiatives and cost control? Download our report to learn about the biggest challenges and how savvy IT executives are overcoming them.
Video
Slideshows
Twitter Feed
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.
Flash Poll