"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.