CA Technologies Smashes Earnings

Excellent earnings from CA Technologies ($CA). For the December quarter, which is their fiscal Q3, CA earned 84 cents per share. That’s 14 cents more than consensus.

For 2014, CA sees earnings ranging between $3.05 and $3.12 per share, compared with Wall Street’s estimate of $3.02 per share. The company sees full-year revenues ranging between $4.52 and $4.57 billion versus the consensus of $4.50 billion.

From the earnings report:

“CA Technologies delivered another solid performance in the third quarter,” said Mike Gregoire, CA Technologies chief executive officer. “We outperformed on revenue and are pleased with our renewals business and disciplined approach to cost control. We also saw good traction with our recent acquisitions Layer 7 and Nolio… , which both had strong performances.

“While I’m encouraged by our performance in Q3, we need to continue to improve our execution across development, marketing and sales,” Gregoire continued. “Based on our results so far this year, we expect our fiscal year 2015 revenue growth rate and non-GAAP operating margin to be similar to fiscal year 2014.

“We are driving significant improvements in our products and go-to-market, including the release of organic innovation such as CA Cloud Storage for System z and the launch of a new ad campaign in select airports around the world as well as online.

“With two months to go in the fiscal year, we are more focused than ever on delivering great products, increasing market awareness of CA and our capabilities, and accelerating the velocity of our efforts to sell more software to more customers,” Gregoire concluded.

Posted by on January 21st, 2014 at 4:25 pm


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