CA Reports Record Q1 Profits - InformationWeek

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CA Reports Record Q1 Profits

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.

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