CA Reports Higher Sales, Profits - InformationWeek

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CA Reports Higher Sales, Profits

Citing growth in E-business, Computer Associates today reported gains insecond-quarter earnings and revenue.

Revenue for the period ended Sept. 30 increased 32% to $1.6 billion, compared with $1.2 billion in the year-ago quarter. Net income was $334 million, compared with just under $300 million last year. Second-quarter operating earnings per share, excluding acquisition-related charges, were up 25% to $0.75, compared with $0.58 last year.

"The rapid acceleration of global E-business strategies is a real boon for CA, as more and more of our clients deploy back-end infrastructures to support the explosive growth of E-business," chairman and CEO Charles Wang said in a statement released after the market closed.

CA software for distributed systems increased 35% to $816 million in the quarter, and infrastructure growth centered on the OS/390 platform increased 19% compared with last year's second quarter.

For the six months ended Sept. 30, revenue was up 25% to $2.8 billion, vs. the $2.2 billion reported last year. Net income, excluding the charge related to the June acquisition of Platinum Technology, was more than $548 million, compared with the previous year's $488 million.

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