|
|
|
23 May 2008
Software vendor CA is bullish after posting an eight per cent increase in turnover for its fourth quarter and end of year results.
The firm posted turnover of $1.085bn, for the quarter ended 31 March,
compared to $1.005bn the same period the previous year. The full year turnover
result was $4.277bn, again an increase of eight per cent on the £3.94bn reported
in 2007.
Profit, based on Generally Accepted Accounting Principles (GAAP) increased to
$71m for Q4, compared to a loss of $20m the previous quarter. Full year GAAP
profit was $500m, compared with $121m in 2007.
John Sawinson, chief executive of CA, said: “CA has reported another solid quarter, capping a fiscal year that saw the company make significant progress. We focused our direct sales force and our channel partners on forging strong business relationships with our customers and on selling new software licenses to new and existing customers, which resulted in double-digit bookings growth for the year. We also made considerable progress on our expense management, driving strong improvements in our operating margins.
Further reading
“We entered fiscal year 2009 with good momentum and will continue to focus in this current economic environment on doing the things that drive revenue and increase profit, on developing the market’s most innovative IT management software products, and on achieving overall operational excellence,” Swainson added. “We are issuing an annual outlook that reflects our operational momentum and our confidence in our ability to execute.”
For the coming year, CA is predicting growth of between two and four per cent.
Related articles
In this video find out about the fast-growing Chinese vendor's plans for market domination and how the channel is its route of choice
Find out what gifts Acer has in store for partners for 2012 in this exclusive roundup of its recent conference
CRN's premier networking event is back on 17 May at the Ricoh Arena
Date: Thu 17 May 2012
Channel fighters preparing to square up once more on 24 May
Date: Thu 24 May 2012
The proliferation of endpoint devices within the enterprise has highlighted the shortcomings of one of the traditional approaches to data security
This Forrester report compares the costs and benefits of legacy email and productivity software with Google Apps
Dave discovers that rozzers are seemingly living in the technology dark ages
Mark Needham, founder of distributor Widget, argues that John Browett leaves for Apple with Dixons in better shape than when he arrived
|
|
|
Do you agree?
Have your say