CA's quarterly results beat forecast

CA's quarterly results beat forecast


Computer Associates (CA) Tuesday announced a second-quarter profit of $US138 million, or 54 cents per diluted share, excluding acquisition amortisation.

The results were 2 cents better than the forecast of 11 analysts polled by First Call/Thomson Financial, who predicted that CA's first-quarter earnings would be 52 cents per share. Including the acquisition amortisation, earnings per share (diluted) for the quarter were 23 cents, CA said in a statement.

The profit compares with $334 million in the second quarter last year, or 75 cents per diluted share excluding acquisition amortisation, and 60 cents per diluted share including the acquisition amortisation.

Total contract value was $1.68 billion, an increase of 5 per cent over the $1.6 billion reported in the second quarter last year, CA said.

Sanjay Kumar, president and chief executive officer of CA, said in the statement that the results, especially revenue growth, reflect the progress the company has made in its recovery plan. In addition, CA this week will announce a new progressive business model designed to deliver greater long-term value for shareholders, Kumar said.

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