As Expected, CA Has Record Quarter, Year - InformationWeek

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As Expected, CA Has Record Quarter, Year

Client-server and professional services led the revenuecharge for Computer Associates, the company reportedyesterday. The company posted record fiscal-year results andmet its anticipated gains for its fourth quarter.

While CA saw growth in all of its business units, revenuefrom its client-server business was the largest contributor,with $802 million, up from $640 million in last year'sfourth quarter. Overall revenue was $1.6 billion, comparedwith $1.5 billion during the same period last year. Thecompany has been working to beef up its professional-services division, as evidenced by a 121% gain in revenuequarter over quarter to $93 million. Quarterly net incomewas $458 million, or 83 cents per share, as opposed to $423million, or 75 cents per share, in the final period offiscal 1998. Analysts had anticipated earnings of 82 centsper share. For fiscal 1999, total revenue was $5.3 billion,an 11% increase over last year's $4.7 billion. Net incomefor the year, excluding charges, was $1.3 billion and $2.31per share, compared with $1.2 billion and $2.10 per sharelast year.

The news comes a few days after CA received clearance fromthe Department of Justice on its $3.5 billion bid to acquirePlatinum Technology Inc., and the company plans to beginintegrating the two businesses.

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