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CA Technologies reports 2012 Q4 growth

CA Technologies reports 2012 Q4 growth

Its total YoY revenue for the quarter was $US1.188 billion

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Software provider, CA Technologies, has reported healthy financial results for the fourth quarter and full fiscal year 2012, ending March 31.

Its total YoY revenue for the quarter was $US1.188 billion, up six per cent in constant currency and five per cent since the same time last year. The total revenue YoY, for the entire year, was $US4.814 billion, up seven per cent in constant currency and nine per cent since 2011.

It reported a fourth quarter GAAP EPS growth of 19 per cent in constant currency and non-GAAP EPS growth of 10 per cent in constant currency.

For the full year, it was $US4.814 billion, an increase of seven per cent in constant currency and non-GAAP EPS growth of $US3.167 billion, up seven per cent in constant currency.

In Q4 2012, CA Technologies renewed a total of 27 license agreements with incremental contract values in excess of $US10 million each, for an aggregate contract value of $US694 million.

Beginning in the first quarter of fiscal year 2012, it also began reporting results in three segment areas: mainframe solutions, enterprise solutions and services.

Mainframe solutions revenue was $US629 million, up two per cent in constant currency; enterprise solutions revenue was $US466 million, up 10 per cent in constant currency and services revenue was $US93 million, up 15 per cent in constant currency.

During that quarter, the company saw demand for its services and learning, virtualisation and service automation, security and mainframe solutions. However, it claimed that it was offset by softness in mainframe capacity and service assurance.

As at March 31, its cash, cash equivalents and marketable securities stood at $US2.679 billion. It had $US1.301 billion in total debt outstanding and $US139 million in notional pooling. The company’s outstanding share count was 466 million.

“Fiscal 2012 was a year that further demonstrated our progress against strategic goals, revenue and earnings growth, commitment to consistently deliver solutions and services to our customers, and sustainable returns to our shareholders,” CA Technologies chief executive officer, Bill McCracken, said.

For the fiscal year 2013, CA Technologies expects total revenue growth of between two per cent to four per cent in constant currency.

GAAP diluted earnings per share growth in constant currency are anticipated to be in a range of 10 per cent to 14 per cent and non-GAAP diluted earnings per share growth in constant currency in a range of nine per cent to 12 percent.

“We reaffirmed that long term outlook in January when we announced our Enhanced Capital Allocation Program and are reaffirming that outlook now.

“In fiscal 2013 we will continue to focus on improving our execution, expanding our presence in large existing enterprises, and winning new accounts in large new enterprises and growth markets,” McCracken said.


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