CA Technologies' net income increases 11% in fiscal Q1

Monday, July 25, 2011

US software provider CA Technologies (NYSE: CA) posted net income of US$241mn in fiscal 1Q12, ended June 30, up 11% from US$217mn in the year-ago period, according to the company's latest financial results.

Revenues for the quarter were US$1.16bn, up 9% year-on-year.

North America revenue was US$716mn, increasing 9% over 1Q11, while international revenue was US$447mn, up 8%.

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CA highlighted the signing of six license agreements during 1Q12, each worth more than US$10mn, totaling US$188mn.

The company announced it would incur a GAAP and non-GAAP charge of some US$35mn-45mn in its fiscal second quarter to cut up to 500 jobs. This action is part of CA's efforts to optimize its business by reallocating resources from non-strategic areas to growth technologies and regions.

For the full fiscal year, the company expects revenue growth in a range of 6-8% in constant currency, or US$4.9bn-5.0bn.

Use this link to access the full results.