As Expected, CA Has Record Quarter, Year - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

As Expected, CA Has Record Quarter, Year

Client-server and professional services led the revenuecharge for Computer Associates, the company reportedyesterday. The company posted record fiscal-year results andmet its anticipated gains for its fourth quarter.

While CA saw growth in all of its business units, revenuefrom its client-server business was the largest contributor,with $802 million, up from $640 million in last year'sfourth quarter. Overall revenue was $1.6 billion, comparedwith $1.5 billion during the same period last year. Thecompany has been working to beef up its professional-services division, as evidenced by a 121% gain in revenuequarter over quarter to $93 million. Quarterly net incomewas $458 million, or 83 cents per share, as opposed to $423million, or 75 cents per share, in the final period offiscal 1998. Analysts had anticipated earnings of 82 centsper share. For fiscal 1999, total revenue was $5.3 billion,an 11% increase over last year's $4.7 billion. Net incomefor the year, excluding charges, was $1.3 billion and $2.31per share, compared with $1.2 billion and $2.10 per sharelast year.

The news comes a few days after CA received clearance fromthe Department of Justice on its $3.5 billion bid to acquirePlatinum Technology Inc., and the company plans to beginintegrating the two businesses.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of IT & Cybersecurity Operations 2020
The State of IT & Cybersecurity Operations 2020
Download this report from InformationWeek, in partnership with Dark Reading, to learn more about how today's IT operations teams work with cybersecurity operations, what technologies they are using, and how they communicate and share responsibility--or create risk by failing to do so. Get it now!
Slideshows
IT Careers: 10 Industries with Job Openings Right Now
Cynthia Harvey, Freelance Journalist, InformationWeek,  5/27/2020
Commentary
How 5G Rollout May Benefit Businesses More than Consumers
Joao-Pierre S. Ruth, Senior Writer,  5/21/2020
News
IT Leadership in Education: Getting Online School Right
Jessica Davis, Senior Editor, Enterprise Apps,  5/20/2020
Register for InformationWeek Newsletters
Video
Current Issue
Key to Cloud Success: The Right Management
This IT Trend highlights some of the steps IT teams can take to keep their cloud environments running in a safe, efficient manner.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll