DOW JONES NEWSWIRES
CA Inc.'s (CA) fiscal second-quarter profit rose 1.8% as the
business-software maker reported higher revenue in North America,
which more than offset lower international sales and a 10% increase
in expenses.
Results for CA, a maker of software for mainframe and other
corporate computers, were resilient during the downturn as the
company cut costs to match revenue. Demand has since been improving
of late.
For the quarter ended Sept. 30, CA posted a profit of $222
million, or 43 cents a share, up from $218 million, or 41 cents a
share, a year earlier. Excluding restructuring and other impacts,
earnings from continuing operations rose to 49 cents from 45 cents
as revenue grew 4% to $1.11 billion.
Analysts polled by Thomson Reuters expected earnings of 47 cents
on revenue of $1.1 billion.
Operating margin narrowed to 27.7% from 31.8% as costs grew.
Revenue in North America increased 8.2%, while it fell 1.8%
internationally.
Bookings increased 9%, and improved 10% on a constant-currency
basis, mostly due to new distributed product sales.
Shares of CA, which maintained its targets for the year
excluding currency changes, rose 0.4% to $21.85 in after-hours
trading.
-By John Kell, Dow Jones Newswires; 212-416-2480;
john.kell@dowjones.com