CA sees positive trends in Latin America regarding investment return

Thursday, October 27, 2011

US software provider CA Technologies (NYSE: CA) is starting to see positive effects from its investment policy in Latin America, company CEO Bill McCracken told a conference call with investors.

"We've seen some trends in Latin America and Asia-Pacific that our investments there are beginning to return to us," the executive said.

The company posted net income of US$236mn in fiscal 2Q12, ended September 30, up from US$222mn in the year-ago period, according to its latest financial results.

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Revenues for the quarter were US$1.20bn, climbing 10% year-on-year.

"Our second quarter results reflect investments in the business, including a US$44mn charge for our workforce reduction to better align CA Technologies' resources with our market opportunity. We're investing in new technologies and acquiring new customers," McCracken added.

North American revenue was US$735mn, increasing 11% over fiscal 2Q11, while international revenue hit US$465mn, up 10%.

International bookings during the quarter were US$308mn, an 8% year-on-year boost.

For the full fiscal year, the company expects revenue growth in the range of 5-6% in constant currency, or US$4.7bn-4.8bn.

Use this link to access the full results.