By Tess Stynes
CA Inc. (CA) said its revenue fell 2.4% during its second
quarter, marking a 10th straight quarter of year-to-year revenue
declines.
The company--once known as Computer Associates--makes software
for mainframe computers and other hardware. In response to recent
struggles in the industry, CA looked to bolster its marketing and
streamline its business.
CA, also known as CA Technologies, earlier this year shed
data-security business called arcserve, part of its efforts to shed
noncore business and sharpen its focus.
Chief Executive Mike Gregoire said the company was beginning to
see traction in the market as the result of its efforts. CA also
"continued to see solid performance in connection with renewals and
we maintained financial discipline across the business," he
said.
For the period ended Sept. 30, CA reported a profit of $256
million, or 58 cents a share, up from $240 million, or 53 cents a
share, a year earlier. Excluding stock-based compensation,
accounting adjustments and other items, earnings from continuing
operations earnings fell to 65 cents from 83 cents. Revenue
decreased 2.4% to $1.08 billion.
Analysts polled by Thomson Reuters expected per-share profit of
62 cents and revenue of $1.09 billion.
The company said bookings fell 11% to $749 million.
For the year ending in March, the company improved its forecast
for per-share earnings from continuing operations excluding
currency fluctuations and one-time items by a percentage point and
now expects a decline between 18% to 20%.
Write to Tess Stynes at tess.stynes@wsj.com
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