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CA 4Q Profit Up 12% On Improved Software Fees Revenue

DOW JONES NEWSWIRES CA Inc.'s (CA) fiscal fourth-quarter earnings rose 12% as the business-software maker posted stronger revenue in all major segments, led by software fees. For the new fiscal year, the company forecast adjusted earnings of $2.45 to $2.53 a share, excluding currency impacts, and revenue of $4.85 billion to $4.95 billion. Analysts polled by Thomson Reuters most recently projected $2.49 a share in earnings and $5.01 billion in revenue. The maker of software for mainframe and other corporate computers is benefiting from a sharpened focus on helping customers manage upgrades in information technology. It's betting it can continue its growth path through acquisitions and internal development while devoting more of its cash to investors. The company has bolstered its offerings through a recent streak of acquisitions, including its June deal to buy privately held software maker Interactive TKO Inc. for $330 million. CA in January raised its annual dividend to $1 from 20 cents and boosted its buyback program to $1.5 billion. For the quarter ended March 31, CA posted a profit of $211 million, or 45 cents a share, up from $188 million, or 37 cents a share, a year earlier. Excluding amortization expense, stock-based compensation and other items, earnings rose to 56 cents a share from 48 cents. Revenue increased 5.3% to $1.19 billion. Analysts expected a per-share profit of 52 cents on revenue of $1.19 billion. Operating margin narrowed to 25.3% from 26.5%. Bookings fell 18%, or 17% on a constant currency basis. Subscription and maintenance revenue -- which accounts for the lion's share of the top line -- rose 1.7%, while professional services revenue increased 13% and software fees and other revenue jumped 43%. Shares closed Thursday at $26.41 and were down 10 cents after hours. The stock, which surged in January after the company unveiled its shareholder-friendly initiatives, is up 31% so far in 2012. -By Ben Fox Rubin, Dow Jones Newswires; 212-416-3108; ben.rubin@dowjones.com

Stock News for Ca Inc. (CA)
DateTimeHeadline
07/24/201409:45:55U.S. Hot Stocks: Hot Stocks to Watch
07/07/201417:34:10CA to Sell Backup and Recovery Business to Marlin, Issues Updated...
05/29/201421:57:46Justice Dept. Sues CA for False Claims on Government Contract...
05/29/201418:03:28Justice Dept. Sues CA for False Claims on Government Contract...
05/29/201417:22:10Justice Department Sues CA for False Claims on Government Contract...
05/29/201416:47:05Justice Department Sues CA for False Claims on Government Contract
05/15/201409:00:42CA Profit Tumbles as Revenue Falls Again
01/21/201417:40:07CA Profit Falls 7.6% on Another Decline in Revenue
01/21/201417:12:57CA Profit Falls 7.6% on Another Decline in Revenue -- Update
11/15/201308:22:25Janus Capital Management 3Q 13F: Largest Eliminations
11/15/201307:59:25Soros Fund Management 3Q 13F: Largest Eliminations
11/15/201307:11:08AQR Capital Management 3Q 13F: Holdings As Of Sep -2-
11/15/201307:11:08AQR Capital Management 3Q 13F: Holdings As Of Sep 30
11/15/201307:10:27AQR Capital Management 3Q 13F: Largest Purchases -2-
11/15/201307:10:23AQR Capital Management 3Q 13F: Largest Sales
11/15/201307:04:51Bridgewater Associates LP 3Q 13F: Largest Eliminations
11/14/201307:19:32The Vanguard Group 3Q 13F: Largest Purchases -2-
11/14/201307:19:32The Vanguard Group 3Q 13F: Largest Purchases
11/12/201316:37:47CA to Pay $11 Million to Settle Claims of Overcharging Some Government...
11/12/201313:58:39CA to Pay $11 Million to Settle Claims of Overcharging Some Government...

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