CA second half revenues hit US$2bn

2 Nov 2007

Information management software company Computer Associates (CA) has reported revenues of US$2 billion, up 8pc on last year and the fourth consecutive quarter of strong growth.

For the first half this year, total product and services bookings were US$1.8 billion, up 47pc from the US$1.2 billion reported in the first half of last year. The company expects total product and services bookings growth for the full fiscal year to be in the low double digits.

Total expenses, before interest and income taxes, for the first half were US$1.6 billion, a decrease of 9pc compared to the $1.8 billion reported in the first half of last year.

Income from continuing operations was US$266 million, or US$0.49 per diluted common share, up from the US$89 million, or US$0.15 per diluted common share, reported in the same period last year

“This marks CA’s fourth consecutive quarter of solid performance. We made another significant advancement toward our goal of transforming CA into one of the world’s leading software providers,” said John Swainson, CA’s president and chief executive officer.

“The world’s largest and most sophisticated IT users are coming to us to help them govern, manage and secure their IT infrastructures using CA software.”

“We will continue to invest in software technology that does this, even as we improve our internal processes and sales and marketing efficiency. All of this gives us confidence that our enterprise IT management strategy is right on track, and that we are also on track to meet our financial objectives,” Swainson said.

By John Kennedy