CA sees revenues rise 8pc


23 May 2008

Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+Pin on PinterestShare on RedditEmail this to someone

Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+Pin on PinterestShare on RedditEmail this to someone

CA has reported an increase of 8pc in revenue during the fourth quarter of fiscal year 2008.

The rise brought CA’s revenue for the quarter to US$1.085bn. Cash flow from operations for the quarter was up 32pc to US$690m.

Q408 GAAP earnings per diluted share are US$0.13, up from US$0.04. Non-GAAP operating earnings per diluted common share were up 10pc to US$0.22 for the quarter.

“CA has reported another solid quarter, capping a fiscal year that saw the company make significant progress,” said John Swainson, CEO, CA.

“We focused our direct salesforce and our channel partners on forging strong business relationships with our customers and on selling new software licences to new and existing customers, which resulted in double-digit bookings growth for the year. We also made considerable progress on our expense management, driving strong improvements in our operating margins.”

During the year, the company signed 61 licence agreements greater than US$10m, for a total of about US$1.4bn, compared with 42 licence agreements totalling about US$1.1bn in fiscal year 2007.

CA has issued fiscal year 2009 guidance for cash flow from operations of US$1.15bn to US$1.18bn, a year-over-year increase of 4pc to 7pc.

“We entered fiscal year 2009 with good momentum and will continue to focus in this current economic environment on doing the things that drive revenue and increase profit, on developing the market’s most innovative IT management software products and on achieving overall operational excellence,” Swainson said. “We are issuing an annual outlook that reflects our operational momentum and our confidence in our ability to execute.”

By Niall Byrne