UPDATE: CA 2Q Profit Rose 1.8% On Higher North American Sales
21 Ottobre 2010 - 11:12PM
Dow Jones News
CA Inc. (CA) missed analyst estimates for its fiscal
second-quarter earnings per share as it announced a 1.8% rise in
profit on revenue of $1.1 billion.
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.
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.
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 0.1% to $21.79 in after-hours
trading. Its share price is down about 3% this year.
CA, based in Islandia, N.Y., is one of the "big four"
companies--including International Business Machines Corp. (IBM),
BMC Software Inc. (BMC) and Hewlett-Packard Co. (HPQ)--that makes
IT-management tools to help corporate computer systems run more
efficiently.
-By Jeanette Borzo and John Kell, Dow Jones Newswires; 415 765
8230; jeanette.borzo@dowjones.com and 212-416-2480;
john.kell@dowjones.com
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