CA ends fiscal year on a happy note

Software vendor posts eight per cent growth for both Q4 and year end results

Swainson: the company made significant progress

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.

“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.