CA Technologies' net income jumps 87% in fiscal Q4

Thursday, May 19, 2011

US software provider CA Technologies' (NYSE: CA) net income of US$188mn in fiscal 4Q11, ended March 31, surged 87% from US$100mn in the year-ago period, according to the company's latest financial results.

Revenues for the quarter were US$1.13bn, up 4% year-on-year.

North America revenue was US$689mn, increasing 5% over 4Q10, while international revenue was US$439mn, up 2%. About 61% of the company's revenue came from North America, while 39% came from international operations.

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CA highlighted the signing of 21 license agreements during 4Q11, each worth more than US$10mn, totaling US$989mn.

The company announced an agreement to sell its internet security business to New Jersey-based Updata Partners, but financial details were not disclosed. The business includes antivirus, antimalware, gateway security and host-based intrusion prevention software.

The company gave its outlook for the 2012 fiscal year, saying it expects revenues of US$4.8bn-4.9bn.

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