Brief: CA Warns Of Disappointing 4Q Earnings - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News
News
4/25/2006
12:26 PM
50%
50%

Brief: CA Warns Of Disappointing 4Q Earnings

Preliminary financial results for CA's 2006 fiscal fourth quarter indicate substantially poorer-than-expected earnings, the software company said Tuesday.

Preliminary financial results for CA's 2006 fiscal fourth quarter indicate substantially poorer-than-expected earnings, the software company said Tuesday.

For the quarter ended March 31, CA said it expects earnings of 0 cents to 2 cents per share on revenue of between $940 million and $950 million. The Islandia, N.Y.-based company previously had forecast earnings of 9 cents to 10 cents per share for the quarter.

"Our results for the quarter were not in line with our expectations. However, CA is a company undergoing a transformation," CA President and CEO John Swainson said. "I am confident that the changes we have made to transform CA will have a beneficial impact in the coming year."

Latency in transitioning revenue from companies CA recently acquired, slower-than-expected bookings and a rise in sales expenses such as commissions contributed to the disappointing earnings, according to CA.

CA plans to report final results for the quarter after the market close on May 30.

CA’s stock price was down 2.94 percent, trading at $24.76 a share, as of early afternoon on Tuesday.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of Cloud Computing - Fall 2020
The State of Cloud Computing - Fall 2020
Download this report to compare how cloud usage and spending patterns have changed in 2020, and how respondents think they'll evolve over the next two years.
Commentary
Why 2021 May Turn Out to be a Great Year for Tech Startups
John Edwards, Technology Journalist & Author,  2/24/2021
News
How GIS Data Can Help Fix Vaccine Distribution
Jessica Davis, Senior Editor, Enterprise Apps,  2/17/2021
Slideshows
11 Ways DevOps Is Evolving
Lisa Morgan, Freelance Writer,  2/18/2021
Register for InformationWeek Newsletters
Video
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you.
White Papers
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.
Sponsored Video
Flash Poll